IPO Proposals of These 3 Companies Are Added to SEBON's Pipeline

The IPO proposals of three other companies are added to SEBON's pipeline.

Reliable Life Insurance Limited has submitted a proposal to issue 60,00,000 lakh shares at a premium price of Rs. 212 per share. This IPO issue will generate Rs. 1,27,20,00,000 for the company. Civil Capital has been appointed the issue manager. The proposal was submitted on Shrawan 12.

Reliable Nepal Life Insurance Limited has posted a net profit of Rs 203.44 million during the 3rd quarter of the fiscal year 2077/78.

Similarly, Upakar Laghubitta Bittiya Sanstha Limited has also submitted its proposal to issue 2,66,250 shares at Rs. 100 per share. Nepal SBI Merchant Banking Limited has been appointed the issue manager. The proposal was submitted on Shrawan 13.

Upakar Laghubitta Bittiya Sanstha Limited has posted a net profit of Rs 61.32 million in the 3rd quarter of the fiscal year 2077/78.

River Falls Power Limited has submitted its own proposal to issue 34,30,000 shares for the public and project-affected locals at Rs. 100 per share. Prabhu Capital has been appointed the issue manager. The proposal was submitted on Shrawan 13.