SEBON Gives Final Approval For IPO Issue of These Four Companies

Securities Exchange Board of Nepal (SEBON) has approved the IPO proposal of 4 companies i.e. Makar Jitumaya Suri Hydropower Ltd, Sanima Middle Tamor Hydropower Ltd, BPW Laghubitta Bittiya Sanstha Ltd., and Sagarmatha Jalbidhyut Company Ltd.

Makar Jitumaya Suri Hydropower Limited is looking to raise a capital worth Rs 22.8 Crores through the issue of 22.80 lakh units of shares at a par value of Rs.100 per share. The promoter/public ratio will be 70: 30 after this IPO. First, the company will issue shares to the locals of the project-affected area and later to the general public.

Prabhu Capital has been appointed as the issue manager for the IPO issuance. The total paid-up capital of this company will increase to Rs 76 crore after this IPO.

Similarly, Sanima Middle Tamor Hydropower Limited will issue 8,331,250 units of IPO shares worth Rs. 83.31 crores at a par value of Rs. 100 per share.

25% of total units or 8,331,250 unit shares will be issued to the project-affected locals and later to the general public. Sanima Capital Limited has been appointed as the issue manager for the IPO issuance. After the IPO the promoter-public share ratio will be 75: 25 and the total capital will increase to Rs 3.33 Arba.

Likewise, BPW Laghubitta Bittiya Sanstha Ltd will now issue 97,000 units of IPO shares worth Rs. 97 lakhs.

The microfinance company will issue a 32.33% share or 97,000 units to the general public. The promoter/public ratio will be 67.67: 32.33. Mega Capital Markets Limited has been appointed as the issue manager for the IPO issuance. The total capital of the company will increase to Rs 3 Crores after the IPO issue.

Meanwhile, Sagarmatha Jalbidhyut Company Limited will issue 5,488,000 units of IPO shares worth Rs. 54.88 crores at a par value of Rs. 100 per share.

The company will issue a 49% share or 54.88 Lakh units to the locals of project affected area and later to the general public. The promoters have a total of 51% of shares i.e. 57,12,000 units of shares in the company. Prabhu Capital Limited has been appointed as the issue manager of this IPO. The total capital of the company will increase to Rs 1.12 Arba after this IPO.