Know which company's IPO and Right Shares are in SEBON Pipeline

Sun, Oct 11, 2020 12:52 PM on Dividend, Bonus & Rights, IPO/FPO News, Latest,

The IPO of Prabhu Life Insurance Limited is in pipeline and is currently under preliminary review from SEBON.

The company had applied for approval to issue an IPO on Ashwin 14. A total of 60 lakh units will be issued to the general public. ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 4, indicating below-average fundamentals, to the proposed initial public offering (IPO) of Rs. 60 crores. Siddhartha Capital is appointed the issue manager for this IPO.

The company posted a net profit of Rs. 4.44 crores in the fourth quarter of the fiscal year 2076/77.

Similarly, the 1:1 right shares issue of Arun Valley Hydropower Development Company Limited (AHPC) is also under preliminary review. The company will issue 9,983,232 units right shares if approval is received from SEBON. Muktinath Capital is appointed the issue manager for this right shares issue. This issue is already approved by the Electricity Regulatory Commission.