Five companies have applied to the Securities Board of Nepal (SEBON) for approval to issue initial public offerings (IPOs) during Ashwin 2083. All five companies have proposed issuing shares at a face value of Rs 100 per share to raise capital from the public.

The applicants are Hotel Sirai Chuli Limited, Sasha Engineering Hydropower Limited, Peace Energy Company Limited, Unitech Hydropower Company Limited and Moonlight Hydropower Company Limited. Together, they have proposed issuing 19,541,426 shares worth approximately Rs 1.95 billion.

Hotel Sirai Chuli Limited has applied to issue 1.5 million shares worth Rs 150 million to the general public. Nabil Investment Banking Limited has been appointed as the issue and sales manager.

Sasha Engineering Hydropower Limited has proposed issuing 3.1 million shares worth Rs 310 million to local residents and the general public. NIMB Ace Capital Limited will manage the issue. Similarly, Peace Energy Company Limited has applied to issue 3.2 million shares worth Rs 320 million, with Machhapuchchhre Capital Limited as its issue manager.

Unitech Hydropower Company Limited has proposed issuing 1.97 million shares worth Rs 197 million, while Moonlight Hydropower Company Limited has applied to issue 9,241,426 shares worth Rs 924.14 million. Both companies have appointed Laxmi Sunrise Capital Limited as their issue manager.

The applications are currently awaiting regulatory approval. The companies can proceed with their IPO issuance only after receiving permission from SEBON.