Liberty Energy Company's IPO: SEBON allows extra day for entry of physical application forms for C-ASBA member BFI's

Mon, Aug 24, 2020 11:33 AM on Latest, IPO/FPO News, Stock Market,

Securities Board of Nepal (SEBON) has issued a notice about the IPO of Liberty Energy Company Limited and the obstructions in the application process.

It is a well-known fact that three companies issuing their IPO at overlapping days exerted immense pressure on the application procedure. Even the online application portal, Meroshare, did not load properly for a significant amount of time.

Thus, since SEBON was aware of the issue and it got a request from the issue manager NIBL Ace Capital, SEBON has allowed an extra day for entry purposes for C-ASBA member BFI's.

Note that SEBON has not extended the application date. It has only allocated an extra day for the entry of the physical application forms received by the C-ASBA banks. Thus, the extra day is only allocated for the entry of physical application forms already submitted when the issue was open to the public.