Sunday, September 13, 2015

IPO of 4 Hydropower, 2 Dev Bank and 1 Microfinance are coming soon

4 Hydropower, 2 Dev Bank and 1 Microfinance have filed application at the Securities Board of Nepal (SEBON) seeking permission to issue their Initial Public Offering (IPO).

The Hydroelectricity Investment and Development Company Limited will be floating IPO worth Rs 2 arba. The issue manager for this issue will be Citizen Investment Trust. The company had applied for the IPO on Feb 05, 2015.

Similarly, Khanikhola Hydropower Company Limited is in the row to float the IPO worth Rs 4.65 crore to the local residents. Ngadi Groups Power limited and Synergy Power Development Limited , which will issue the IPO worth Rs 4.86 crore and Rs 7 crore respectively. Civil Capital Markets and NIBL Capital Markets are issue manager for the IPO respectively.

Likewise, Samabridhi Bikas Bank is in the process to float the IPO worth Rs 3 crore and Growmore Merchant Banker will be managing its IPO. Nepal Industrial Development Corporation will be issuing worth Rs 18.41 crore.
Another much-awaited IPO is that of Mero Microfinance Bittiya Sanstha Limited which is seeking to float the IPO worth Rs 6.12 crore. Global IME capital Limited will be managing its IPO


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