Barun Investments To Issue IPO Worth Rs. 15 Crores

September 22, 2022 | Investopaper

Barun Investments Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has appointed Global IME Capital Limited as the issue and sales manager.

The agreement was signed by Mr. Paras Mani Dhakal, Chief Executive Officer of Global IME Capital and Mr. Shiva Prasad Ghimire, Chairman of Barun Investments Limited.

Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON) after completing the necessary procedures. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.

If approved by the regulatory body, the company plans to issue 15 lakh shares to the public. At a par value of Rs. 100, the public issue amounts to Rs. 15 crores.

At present, the company has a paid-up capital of Rs. 40 crores. After the IPO (if fully subscribed), the capital will increase to Rs.55 crores.


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