#sebon

Mount Everest Power completes share allotment Mount Everest Power Development Limited has successfully distributed its initial public offering (IPO) shares to the local residents who are affected by the project. The share allotment was done today morning by the sales manager NIMB Ace Capital. The company had opened the issue of 6 lakh 80 thousand shares from Baisakh 17 for the local people of…

Three listed companies—Dolti Power Limited, Oriental Hotels Limited, and Bhugol Energy Development Limited—have submitted applications to the Securities Board of Nepal (SEBON) requesting permission to issue right shares. These companies are seeking to raise additional capital by offering new shares to their existing shareholders. According to the records at SEBON, Dolti Power applied on Mangsir…

KATHMANDU, Aug 11: Mabilung Energy Company has opened its Initial Public Offering (IPO) for the general public starting Monday. This follows the first phase of share issuance targeted at locals from project-affected areas and Nepalis working abroad. In this second phase, the company has allocated 1,248,904 shares worth Rs 124,890,400 to general investors. Applicants can apply for a minimum of 10…

The new decision by CDSC has raised concerns among energy producers. IPPAN has warned that the proposal to separate promoter and public shares could have a negative impact. IPPAN claims that this proposal is likely to have a serious impact on Nepal’s capital market and foreign investment. Kathmandu — The Independent Power Producers’ Association, Nepal (IPPAN), has expressed serious concern…

By Thursday, 76 companies have applied to the Securities Board for approval to issue IPOs worth NPR 52.48 billion. Stating that the Accounts Committee has directed to allow only companies with a net worth of over 90 to issue IPOs, the Board has requested the Commission to grant pre-approval accordingly. Kathmandu — The Nepal Securities Board (SEBON) has requested the Electricity Regulatory…

KATHMANDU: Energy entrepreneurs in Nepal have called for the Securities and Exchange Board of Nepal (SEBON) to introduce a separate procedure for issuing Initial Public Offerings (IPOs) specifically for hydropower companies. The demand was made at a press conference in Kathmandu on Wednesday by Green Energy Entrepreneurs Nepal, a newly formed organization representing energy entrepreneurs. The…