Kathmandu. The Securities Board of Nepal (SEBON) has added 3 companies to its pipeline. Hotel Ichha, Asian Batteries and Hulas Iron Industries have filed an application with the Securities Board of Nepal (SEBON) seeking the issuance of the IPO.
Hotel Ichchha has sought permission to issue an IPO worth Rs 35 crore. If the Securities Board of Nepal (SEBON) gives the go-ahead, the hotel will issue a total of 3.5 million units of shares at a face value of Rs 100. Himalayan Capital has been appointed as the issue manager for the IPO of the hotel.
Asian Batteries will issue an initial public offering (IPO) worth Rs 13 crore if the Securities Board of India (SEBON) allows it. The company will issue a total of 13 lakh units of shares at a face value of Rs 100. Himalayan Capital has been appointed as the issue manager for the IPO issuance.
Similarly, Hulas Iron Industries has sought permission from the Securities Board of Nepal (SEBON) to float the IPO at a premium price. If the board approves, the company will issue an IPO of Rs 255 per share with a premium of Rs 155 at the face rate of Rs 100. As per the agreement, the company will issue 9,750,000 units of shares worth Rs 2.48 billion. Kumari Capital has been appointed as the issue manager for the IPO issuance.
