Five Companies Join SEBON's IPO Pipeline with Rs. 1.90 Billion in Proposed Share Issues
The Securities Board of Nepal (SEBON) has added five companies to its IPO pipeline, seeking approval to issue a total of 19,011,426 shares worth Rs. 1.90 billion. The group includes four hydropower companies and one hotel and tourism venture, with Moonlight Hydropower proposing the largest issue at Rs. 924.14 million.
The Securities Board of Nepal (SEBON) has expanded its Initial Public Offering (IPO) pipeline with the addition of five companies. These firms are collectively seeking approval to issue 19,011,426 shares worth Rs. 1.90 billion.
The companies in the pipeline are:
- Hotel Siraichuli Limited
- Sasha Engineering Hydropower Limited
- Peace Energy Company Limited
- Unitech Hydropower Company Limited
- Moonlight Hydropower Company Limited
Among them, four are hydropower companies, while one operates in the hotel and tourism sector.
Hotel Siraichuli Limited has proposed to issue 1,500,000 (15 Lakhs) shares worth Rs. 150 million to the general public, with Nabil Investment Banking Limited serving as its issue manager.
Sasha Engineering Hydropower Limited plans to issue 3,100,000 (31 Lakhs) shares worth Rs. 310 million to local residents and the general public, with NIMB Ace Capital Limited managing the issue.
Similarly, Peace Energy Company Limited has proposed to issue 3,200,000 (32 Lakhs) shares worth Rs. 320 million, while Unitech Hydropower Company Limited plans to issue 1,970,000 (19 Lakhs 70 Thousand) shares worth Rs. 197 million. Machhapuchchhre Capital Limited and Laxmi Sunrise Capital Limited have been appointed as their respective issue managers.
Among the five companies, Moonlight Hydropower Company Limited has proposed the largest IPO, seeking to issue 9,241,426 (92 Lakhs) shares worth Rs. 924.14 million. Laxmi Sunrise Capital Limited will manage the company's share issuance.
All five companies are awaiting approval from SEBON before proceeding with their proposed IPOs.