Kathmandu: A total of 75 companies from various sectors are in the pipeline at the Securities Board of Nepal (SEBON) seeking approval to issue 375,420,353 shares worth Rs 54.15 billion through Initial Public Offerings (IPOs).
According to SEBON data, hydropower companies make up the largest share of the pending approvals. There are 37 hydropower firms waiting for SEBON’s consent to issue IPOs.
These 37 hydropower companies plan to issue 178,528,754 shares worth Rs 18.26 billion.
In terms of total value, the manufacturing and processing sector ranks first among the groups in the pipeline. This sector has 126,992,272 shares worth Rs 27.04 billion awaiting SEBON’s approval.
Similarly, the hotel and tourism sector includes three companies seeking to issue 14.21 million shares valued at Rs 1.42 billion.
The investment sector has four companies waiting for permission to issue 18.65 million shares worth Rs 3.14 billion.
In the microinsurance sector, three companies — Protective Micro Insurance, Star Micro Insurance, and Liberty Micro Life Insurance — are in line to issue 6.75 million shares worth Rs 675 million.
Meanwhile, 10 companies from other sectors have applied for approval to issue 27.66 million shares worth Rs 3.43 billion.
In the development bank group, one company, Salpa Development Bank, is awaiting SEBON’s approval to issue 1.72 million shares worth Rs 172.3 million.
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