For some time now, the stock market in Nepal has been gaining traction. The Nepse index, which measures the stock market, has reached its highest point in history. At present, cities, markets, villages, tolls, wherever there is discussion on the issue of shares. The number of demat account openers is increasing day by day. Investors, especially those investing in primary shares, i.e. IPOs, have skyrocketed.
1. Sahas Urja Company Ltd.
The company, which is constructing an 86-megawatt hydro power project in Solukhumbu district, has already submitted an application to the Securities and Exchange Board of Nepal (SEB) on December 8 seeking permission to issue an IPO for the locals and the general public in the project-affected areas. Sahas Urja is going to issue 15 Million shares at the face value of Rs 100, equivalent to Rs 1.5 Billion. NIBL Ace Capital will act as the sales manager for the issuance of ordinary shares of this company.
2. Jyoti Life Insurance Company Ltd.
Jyoti Life Insurance Company Limited has applied to the Securities and Exchange Board of Nepal (SEB) on December 8 for the issuance of 6.6 million shares worth Rs 660 Million at a face value of Rs 100. The paid-up capital will be Rs 2.20 Billion, of which Rs 1.54 Billion will be founder share investment. The investment structure has been prepared in such a way that Rs. 660 Million is owned by the public. NMB Capital is acting as the sales manager for the company's IPO.
The IPO of this company will be live from this Friday, 5th March.
3. Buddha Bhumi Nepal Hydro Power Company Ltd.
The company is preparing to issue an IPO for the locals and the general public in the project-affected areas. The company has already applied to the Securities and Exchange Board of Nepal (SEB) on January 22 for the issuance of 1.2 Million IPOs worth Rs 120 Million at a face value of Rs 100. Civil Capital Market Limited is acting as the sales manager for the public issue of this company.
4. Samling Power Company Ltd.
Samling Power Company Limited, which has received an 'Acre NP BB Minus' rating from ICRA Nepal, has already applied to the Securities and Exchange Board of Nepal (SEB) on January 19 for IPO. The company is going to issue 5 Million shares worth Rs. 500 Million at a face value of Rs. 100 to the locals and the general public in the project affected areas. The company has appointed Nepal SBI Merchant Banking Limited as the manager of share issue and sale.
5. Nyadi Hydro Power Company Ltd.
Nyadi Hydropower Company Limited has submitted an application to the Securities and Exchange Board of Nepal (SEB) on December 26 seeking permission to issue an IPO worth Rs. 405 Million. The company has Global IME Capital as its share issue and seller and has appointed Citizens Investment Fund as the share guarantor.
6. CEDB Hydro Power Development Company Ltd.
CEDB Hydropower Development Company Limited has already applied to the Securities and Exchange Board of Nepal (SEB) for the issuance of 2,518,230 IPOs at a face value of Rs. 100. Sunrise Capital Limited is the IPO issuer and sales manager of the company.
7. Mailung Khola Jalbidhut Company Ltd.
In the first phase, the locals of Rasuwa district affected by the project have been allotted IPO and distributed. Malung Khola Hydropower Company Limited is now going to conduct primary eviction for the public. The company is going to issue shares worth Rs 73.6 Million to the general investors. The company will issue an IPO after getting permission from the Securities and Exchange Board. Siddhartha Capital Limited is in the process of IPO issuance and sale promotion of this company.
8. Madhyabhotekoshi Jalbidhut Company Ltd.
Madhyabhotekoshi Hydropower Company Limited, a subsidiary of Chilime Hydropower Company Limited, is constructing a 102 MW power project. The company has applied to the Securities and Exchange Board of Nepal (SEB) on January 22 for the issue and sale of 15 Million shares worth Rs 1.5 billion at a face value of Rs 100. Global IME Capital Limited is acting as the issuer and sales manager of the company.
9. Dish Media Network Ltd.
Dish Media Network Limited has already passed the proposal to issue IPO to the public. The company has already submitted an application to the Securities and Exchange Board on July 12 for the issuance of 2,385,929 shares worth Rs. 238.592 Million. The company said it was going to issue ordinary shares to raise capital to expand its business. The issue and sale manager of the company is Global IME Capital.
10. Vindhabasini Hydropower Development Ltd.
Vindhabasini Hydropower Company Limited, which is operating the Rudi Khola A and Rudi Khola B hydropower projects on the border of Lamjung and Kaski districts, has already applied to the Securities and Exchange Board of Nepal (SEB) for the issue and sale of 2.5 Million shares worth Rs. 250 Million The company is operating two projects with a total capacity of 15.4 MW, including Rudi Khola A with a capacity of 8.8 MW and Rudi Khola B with a capacity of 6.6 MW. Sanima Capital Limited is the manager of the issue and sale of ordinary shares of the company.
11. CBIL Capital Ltd.
For the first time in the history of Nepal, CBIL Capital, which is making a record of IPO issuance of Merchant Bank, has submitted an application to the Securities and Exchange Board in 2075 BS to sell 300,000 shares worth Rs 30 Million. SBI Merchant Banking Limited is the IPO issuer and sales manager of the company. CBIL Capital, a subsidiary of Citizens Bank, has been providing mutual fund, portfolio management, underwriting, securities sales manager and other services.
12. Himalayan Hydro Power Company Limited
Himalayan Hydropower Company Limited, which has been constructing and operating a 12-megawatt power project on Madi river in Kaski district since 2015, has applied to the Securities and Exchange Board of Nepal (SEB) for the issuance and sale of 2.25 million ordinary shares worth Rs. 225 Million.
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