Sebon fixes application fee for online IPO application; Rs 150 for small investors and Rs 250 for large investors

Securities Board of Nepal (SEBON) will be implementing Application Supported by Blocked Amount (ASBA) system from Magh 1, 2073. The Board has fixed application fee for the same purpose. Under this system, investors applying for IPO up to Rs 50,000 will have to pay Rs 150 as application fee. Likewise, Rs 250 will be charged per application if the amount exceeds Rs 50 thousand. With the implementation of ASBA system, investors applying for Initial Public Offerings (IPO) and Further Public Offering (FPO) to apply it online who have bank account in commercial and national level development banks. Investors can apply for the IPO/FPO online as the amount worth application will be blocked in the investor’s respective account. Commercial and development banks have responded positively to ASBA system.