IPO flooded in the market

Kathmandu November 15- Initial Public offering, IPO worth of Rs. 100 million is approaching to the market in near future. Number of companies has applied for permission to issue IPO in Securities Board of Nepal. Among them some of them have already acquired permission and many of them are in acquiring process.

In the current fiscal year, SEBON has granted permission to Hydropower Development Company, Dangdi Group Power Company and KhaniKhola Hydropower Company. Hydropower Development Company has already issued IPO and remaining two are in final phase.

Dangdi Group Power Company and KhaniKhola Hydropower are issuing equity shares for the locals of affected area. According to the current legal system, Hydropower companies need to issue minimum 10% share capital to the locals of affected area. Source: Naya Patrica