SEBON gives final approval for IPO issue of Ajod Insurance and Sadhana Laghubitta; both company together to issue Rs 37.07 crore IPO soon

Securities Exchange Board of Nepal (SEBON) has approved the proposed IPO of Ajod Insurance Limited. The non-life insurance company is looking to raise a capital worth Rs 30 Crore through the issue of 30,00,000 units of shares at par value of Rs.100 per share. The total capital after the IPO will be Rs 1 Arba and the promoter/public ratio will be 70:30.  

NIBL Ace Capital Limited is the issue manager. Global IME Capital ad Kumari Capital are the underwriters of the issue.

CRNL has assigned grading of ‘CARE-NP IPO Grade 4’ to the proposed Initial Public Offer (IPO) of AJOD Insurance Limited (AIL). ‘CARE-NP IPO Grade 4’ indicates Below Average Fundamentals.

Likewise, SEBON has also approved the proposed IPO of Sadhana Laghubitta Bittiya Sanstha Limited. The microfinance company will raise a capital worth Rs 7.07 crore through the issue of 7,07,800 units of shares at par value of Rs 100. The total capital after the IPO will be Rs 21.77 crore and the promoter/public ratio will be 67.5:32.5.

Global IME Capital Limited is the issue manager.

ICRA Nepal has assigned a grading of [ICRANP] IPO Grade 4+, indicating below-average fundamentals, to the proposed initial public offering (IPO) of Sadhana Laghubitta Bittiya Sanstha Limited