Public Issue Worth Rs. 16.50 Billion Approved in FY 2023/24

January 12, 2024 | Investopaper

Securities Board of Nepal (SEBON) has provided approval for the public issue worth Rs 16.50 billion in the first five months of the current fiscal year 2023/24 [2080/81]. Altogether, Sebon has approved the issue of 12 securities. Of them, one company received the approval to issue the right share. 5 companies got permission from Sebon to sell ordinary shares or IPO to the general public. Likewise, 3 new mutual fund schemes along with debentures of 3 companies also received the final approval from Sebon.


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The public issue amount approved by the Securities Board include:

1. Right Share: Rs 1.1 Billion

2. Ordinary Share: Rs 8.50 Billion

3. Mutual Funds: Rs 2.5 Billion

4. Debenture: Rs 3.2 Billion


The table below presents the list of companies those companies that received public issue approval from Sebon.

Public Issue Approval By SEBON

(Mid-July 2023 – Mid-December 2023)

(Rs. Million)

Types of  Securities
Amount of Public Issue
Approval Date
A. Right Share
1100.0
1. Ghalemdi Hydro Ltd. 1100.0 6/18/2080
B. Ordinary Share
8506.1
1. Sonapur Minerals and Oil Ltd. (Local and employees @ Rs. 225 (along with Premium @ Rs.125) and General public @ Rs. 237.58 (along with Premium @ Rs. 137.5 1666.1 4/17/2080
2. Vision Lumbini Urja Company Ltd 382.5 5/5/2080
3. Muktinath Krishi Company Ltd. (General Public) 140.0 6/10/2080
4. Nepal Warehousing Company Ltd 137.5 6/10/2080
5. Himalayan Re-insurance Limited ( For General Public along with Premium @ Rs.206) 6180.0 7/1/2080
C. Mutual Funds
2500.0
1. NIBL Sahabhagita Fund ( Open End) 1000.0 22/05/ 2080
2. Siddhartha Systematic Investment Scheme 500.0 5/29/2080
3. NIC Asia Growth Fund – 2 1000.0 6/12/2080
D. Debenture
4400.0
1 Citizens Bank International Limited (10Yrs, 10% Citizens Bank Bond 2080) 1200.0 5/29/2080
2. Kumari Bank Limited (10Yrs, 10% KBLM Debenture 2090) 2000.0 6/8/2080
3. Nabil Bank Limited (7Yrs, 9% Nabil Debenture 2087) 1200.0 8/10/2080
Total 16506.1

Source: Securities Board of Nepal (SEBON)


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