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IPOs of 20 companies worth over Rs 5.90 billion on pipeline

A total of 20 companies have been waiting to receive approval to issue their initial public offerings (IPOs) worth Rs 5.90 billion.

Of the companies waiting for a go ahead from the regulatory body, 12 are hydropower plants, four are microfinance and two are insurance. Reliable Life Insurance is looking to issue 6,000 units of IPOs worth Rs 1.27 billion, the largest of all. The insurer has planned to float its IPOs at the premium price of Rs 212 per share, shows the records with the Securities Board of Nepal (Sebon).

Similarly, IME Life Insurance Company has also sought Sebon’s approval to float six million units of the primary shares, with a total valuation of Rs 600 million.

Of the hydropower companies, Green Ventures Limited has stepped up to issue its IPOs worth Rs 625 million. Similarly, Balephi Hydropower looks to float primary shares of Rs 365.59 million in public.

According to the Sebon, four microfinance companies have sought to issue 2,467,000 units of IPOs totaling Rs 246.70 million.

 

Companies

No. of shares (units)

Amount of issue (Rs)

Dish Media Network Limited 

2,385,929 

238,592,900

Sayapatri Hydropower Ltd.

900,000

90,000,000 

Upper Solu Hydro Electric Company

3,307,500

330,750,000

Upper Hewakhola Hydropower Co. Ltd.

2,000,000

200,000,000

Emerging Nepal Limited

555,600

55,560,000

Jalpa Samudayik Laghubitta Bittiya Sanstha Ltd

522,000

52,200,000

Rastra Utthan Laghubitta Bittiya Sanstha

850,000

85,000,000

Molung Hydropower Company Ltd.

3,531,000 

353,100,000 

Reliable Life Insurance Ltd. 

6,000,000 

1,272,000,000

Upakar Laghubitta Bittiya Sanstha Ltd.

266,250 

26,625,000 

River Falls Power Ltd.

3,430,000

343,000,000 

Three Star Hydropower Ltd.

1,231,250

123,125,000 

Rapti Hydro and General Construction Limited 

2,941,410

294,141,000

IME Life Insurance Co Ltd.

6,000,000 

600,000,000

Dordi Khola Jalbidhyut Co. Ltd. 

2,951,929

295,192,900

Bindhyabasini Hydropower Development Co. Ltd.

2,500,000

250,000,000

Himalayan Hydropower Limited

2,250,000

225,000,000

Balephi Hydropower Ltd.

3,655,940

365,594,000

Green Ventures Ltd

6,250,000

625,000,000

NESDO Sambridha Laghubitta Bittiya Sanstha Limited

828,750

82,875,000

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