IPO Proposal of Venture Hire Purchase Limited Added to SEBON's Pipleline

The IPO proposal of Venture Hire Purchase Limited (VHPL) has been added to SEBON's pipeline.

Venture Hire Purchase has submitted a proposal to issue 11 lakhs shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 11 crore for the company.

Global IME Capital Limited has been appointed the issue manager for this issue.

It is only after the approval from the regulatory board SEBON, the company can float the shares to the local and the general public.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating Double B) to Venture Hire Purchase Limited (VHPL or the company). Issuers with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.

Venture Hire Purchase Limited (VHPL), established in 2017, is a hire-purchase financing company operating under the guidelines of the Nepal Rastra Bank. The company received its operating license in November 2019 and is part of the IME Group, which has over two decades of experience in Nepal’s financial sector.