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12.8 million General Shares to Float in Share Market

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12.8 million General Shares to Float in Share Market
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December 12: Nearly 12.8 million general shares are soon to be floated in the share market of the country. Recently, Securities Board of Nepal (SEBON) gave share issuance approval to 4 companies including 3 hydro companies and 1 commercial bank.

Synergy Power Development Company got the approval of issuing 2,100,000 units of primary shares on December 8 from SEBON. The company is issuing 30 per cent share of the total paid-up capital to the general investors. The company has appointed Sanima Capital as its issue manager to manage the issuance.

Similarly, Himalayan Power Partner got the approval of issuing general shares to the local people of affected area from SEBON on December 9.  The company is issuing 8,523,336 units of general shares as per the mandatory policy of issuing 10 per cent of total paid-up capital to the local people of affected area. Global IME Capital is the share registrar for the company.

Likewise, Chyandi Hydropower Company is also issuing general shares to the local people of affected area. The company got the SEBON approval on December 9. The company is also issuing 10 per cent of its total paid-up capital i.e. 2,160,000 units of shares to the local people of affected area. Global IME Capital will be managing the issuance of the company.

Also, Nepal SBI Bank got the SEBON approval for issuing its further public offering (FPO). The bank is issuing the 67,767.87 units of FPO in a bid to increase its paid-up capital. The bank has appointed NMB Capital as its Issue Manager.

 

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