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IPO to Float under Free Pricing Mechanism

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IPO to Float under Free Pricing Mechanism
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November 14: The companies preparing to float initial public offering to the public may now price the share under the free pricing mechanism. The possibility of the free pricing increased with the approval of new regulation 'Nepal Securities Registration and Issue Regulations, 2073' by Securities Board of Nepal (SEBON).

Issuing a press statement on November 13, SEBON informed of scrapping the 'Securities Registration and Issue Regulations, 2065'. The new regulation particularly mentions of forming a mechanism under which international financial institution will be able to issue bond/debentures in local currency. Similarly, real organised sectors will be given opportunity to go public with minimum of 10 percent public offering. 

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