Three Companies Receive IPO Approval in a Single Day: Who Will Issue How Many Shares?
Nepal’s securities regulator has granted IPO approval to three companies, allowing them to issue shares worth millions to the public.
The Securities Board of Nepal has granted approval to three companies to issue Initial Public Offerings (IPOs) on the same day.
The approved companies include Everest Color Limited, Mount Everest Power Development Limited, and Sarvottam Paints Industries Limited.
Everest Color Limited has received permission to issue 790,000 shares at a face value of Rs. 100 per unit. The issue manager for the IPO is Muktinath Capital Limited.
Similarly, Mount Everest Power Development Limited will issue 2,580,000 shares at Rs. 100 per unit, with NIMB Ace Capital Limited appointed as the issue manager.
Sarvottam Paints Industries Limited has been approved to issue 850,000 shares at a face value of Rs. 100 per unit. The IPO will be managed by Global IME Capital Limited.
The approval of IPOs for multiple companies on the same day is expected to increase activity in Nepal’s primary market and provide new investment opportunities for investors.