39.36 lakh unit shares of Mountain Energy added in SEBON’s IPO pipeline; CARE rating assigns Grade 4+ to the issue

  • -ShareSansar
Wed, Mar 13, 2019 1:32 PM on IPO/FPO News, Latest, Stock Market,
39.36 lakh...

Securities Exchange Board of Nepal (SEBON) has added 3,936,054 unit initial public offering (IPO) of Mountain Energy Nepal in the IPO pipeline.

The company will be issuing 39.36 lakh unit shares of Rs 100 each for the general public. Nabil Investment Banking has been appointed as the issue manager for the IPO issuance.

Care Rating has assigned ‘CARE-NP IPO Grade 4+’ to the issuance, indicating Below Average Fundamentals.

Promoter group will hold 80% and public will hold 20% of total shareholding of the company after issuance of the proposed IPO.