Five Companies Add IPOs to Securities Board Pipeline, Who's Issuing How Many Shares?
Five companies have added their IPOs to the pipeline of the Nepal Securities Board. Hotel Siriachuli, Sahas Engineering Hydropower, Peace Energy Company, Unitech Hydropower, and Moonlight Hydropower have applied for IPO approval.
Kathmandu. Five companies have added their IPOs to the pipeline of the Nepal Securities Board. Hotel Siriachuli, Sahas Engineering Hydropower, Peace Energy Company, Unitech Hydropower Company, and Moonlight Hydropower Company have applied for IPO approval at the Securities Board. Once the Securities Board grants approval, these companies will issue IPOs.
Who is issuing how many shares?
Hotel Siriachuli: Planning to bring an IPO worth a total of Rs 150 million. If approved by the Securities Board, the hotel will issue a total of 1.5 million shares at a face value of Rs 100. Nabil Investment Banking is the issue manager.
Sahas Engineering Hydropower: Has applied for approval to bring a total of 3.1 million shares at a face value of Rs 100. NIMB Ace Capital is the issue manager.
Peace Energy Company: Has applied for approval to bring a total of 3.2 million shares at a face value of Rs 100. Machhapuchchhre Capital is the issue manager.
Unitech Hydropower: Has applied for approval to bring a total of 1.97 million shares at a face value of Rs 100. Laxmi Sunrise Capital is the issue manager.
Moonlight Hydropower: Has applied for approval to bring a total of 9.241 million 426 shares at a face value of Rs 100. Laxmi Sunrise Capital is the issue manager.