Sparsha Laghubitta & Mountain Hydro Nepal IPO approved by Sebon

February 17, 2019 | Investopaper

Sparsha Laghubitta Bittiya Sanstha Ltd.

Securities Board of Nepal (SEBON) has approved the initial public offering (IPO) of Sparsha Laghubitta Bittiya Sanstha Ltd. on Falgun 3, 2075. The microfinance is going to issue 2,69,630 shares to the public. The IPO is worth Rs. 2.696 crores. After the IPO, the general public will possess 32.50% shares of the company. The promoters hold 67.50% or 5.6 lakhs units shares of the company. The paid-up capital will rise to Rs. 8.30 crores after the issuance of IPO. Sanima Capital Ltd. is the issue manager for the public offering.

Related: How to apply IPO/FPO/Right Share through Mero Share?

Mountain Hydro Nepal Ltd.

SEBON has also provided approval for the issuance of IPO of Mountain Hydro Nepal Ltd. Sebon approved the IPO on Falgun 1, 2075. The hydropower company will issue 18,16,110 units share to the general public. This includes 12,50,000 allocated for the public plus 5,66,110 units of unsubscribed shares by local people. The IPO is 14.53% of the total issued capital. Siddhartha Capital is the issue manager for the IPO.


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