Four Companies Seek IPO Approval in Nepal for FY 2083
Four companies have applied to Nepal’s securities regulator to issue IPOs, planning to raise significant capital across multiple sectors.
Nepal’s capital market is likely to see new IPO issuances in the fiscal year 2083, as four companies have applied to the Securities Board of Nepal for approval.
The applicant companies include Bhagwati Steel Industries Limited, Asian Concreto Limited, Doleshwor Village Resort and Farm House Limited, and KTM Hospitality.
Bhagwati Steel Industries Limited plans to issue 1.5 million shares at a price of NPR 233 per share, including a premium of NPR 133 over the face value of NPR 100. The issue manager is Nabil Investment Banking Limited.
Asian Concreto Limited aims to issue 1,062,500 shares worth NPR 106.25 million at face value. The issue manager is also Nabil Investment Banking Limited.
Doleshwor Village Resort and Farm House Limited has proposed issuing 1.62 million shares worth NPR 162 million, representing 30% of its issued capital. The issue manager is Citizens Capital Limited.
KTM Hospitality plans to issue 1.55 million shares worth NPR 155 million. The issue manager for this IPO is RBB Merchant Banking Limited.