Public Issue Worth Rs. 29.11 Billion Approved in FY 2023/24
August 18, 2024 | Investopaper
Securities Board of Nepal (SEBON) has provided approval for the public issue worth Rs 29.11 billion in the last fiscal year 2023/24 [2080/81]. Altogether, SEBON has approved the issue of 24 securities. Of them, 7 companies received the approval to issue the right share. 7 companies got permission from SEBON to sell ordinary shares or IPO to the general public. Likewise, 6 new mutual fund schemes along with debentures of 4 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 7.64 Billion
2. Ordinary Share: Rs 10.75 Billion
3. Mutual Funds: Rs 4.7 Billion
4. Debenture: Rs 6.01 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-July 2024)
(Rs. Million)
| Types of Securities | Amount of Public Issue | Approval Date |
| A. Right Share | 7644.9 | |
| 1. Ghalemdi Hydro Ltd. | 1100.0 | 6/18/2080 |
| 2. Singati Hydro Energy Limited Hydropower | 1450.0 | 9/11/2080 |
| 3. Narayani Development Bank Limited | 262.5 | 9/19/2080 |
| 4. Arun Valley Hydropower Development Company Limited | 1868.0 | 9/19/2080 |
| 5. Ridi Power Company Limited | 774.5 | 9/19/2080 |
| 6. Himalaya Urja Bikas Company Limited | 990.0 | 3/7/2081 |
| 7. Akhukhola Jalbidhyut Company Limited | 1200.0 | 3/19/2081 |
| B. Ordinary Share | 10754.2 | |
| 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 |
| 6. Sarbottam Cement Ltd. (For General Public, 60% @ 360.90) | 1299.2 | 9/3/2080 |
| 7. Reliance Spinning Mills Ltd. (For General Public, 60%@ Rs.820.80) | 948.8 | 3/12/2081 |
| C. Mutual Funds | 4700.0 | |
| 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 |
| 4. Kumari Sabal Yojana ( Close End) | 1000.0 | 9/1/2080 |
| 5. NIBL Sahabhagita Fund ( Open End) | 1000.0 | 2/4/2081 |
| 6. NMB Saral Bachat Fund – E ( Open End) | 200.0 | 2/24/2081 |
| D. Debenture | 6016.0 | |
| 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 |
| 4. Nepal Investment Mega Bank Limited (10 Yrs, 10%, NIMB Debenture 2090) | 1616.0 | 9/2/2080 |
| Total | 29115.1 |
Source: Securities Board of Nepal (SEBON)
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