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Will Nepal Life Insurance FPO and Forward Community IPO be allotted within Falgun 13? (What do the issue managers say?)

Citing the acute credit crunch in banks and its effect on the secondary market, Securities Board of Nepal (SEBON) had earlier instructed Siddhartha Capital Limited (issue manager for FPO of Nepal Life Insurance Co. Ltd.) and Nabil Investment Banking Limited (issue manager for IPO of Forward Community Microfinance Bittiya Sanstha Ltd.) to conclude the allotment within Falgun 13, 2073. This new instruction has increased the workload on both issue managers. Speaking to ShareSansar, Mr. Dhruba…

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