Dish Home goes public; to issue IPO to general public
- ShareSansar, July 4, 2017 on Featured , IPO News , Latest , Stock Market
Dish Media Network Limited, that operates Direct To Home (DTH) TV service—DishHome, has converted from a private limited company to a public limited company with the motive of floating Initial Public Offering (IPO) to general public. The conversion from a private company to a public company was certified by Office of the Company Registrar on Asadh 18, 2074.
As per the company, DishHome has a nationwide coverage with 80 distributors and approximately 2,000 sub-distributors and has been operating in all 75 districts. The company’s annual turnover is around Rs 4 arba and has paid up capital of Rs 2 arba. Prabhu Group, IME Group and Sandmartin International Holding are key shareholders of the company.
Securities Board of Nepal (SEBON) has tried to attract companies operating in real sectors to issue shares to the general public in a bid to diversify the dominance of financial companies in the capital market. The amended Securities Issue and Registration Guidelines allows companies operating in real sectors to issue IPO at a premium price.