27.76 arba worth of shares received SEBON’s nod to enter market in 6 months; IPO worth of Rs 3.90 arba and right shares worth of Rs 11.76 arba still waiting permission

The security market of Nepal has seen a growth of 6.98% and 30.45% respectively in terms of total volume and total amount of issuance of public shares in the first 6 months of the current fiscal year. Issuing the press statement, the market regulator SEBON has informed that 46 institutions have received permission to float their public shares worth of Rs 27.76 arba. Among the total approved shares, 9 companies have received SEBON’s nod to float Rs 2.86 arba worth of IPO shares, 3 companies have received approval to issue Rs 2.67 arba worth of FPO shares, 4 mutual funds worth of Rs 4.70 arba and right shares of 30 companies worth of Rs 17.53 arba. In addition, SEBON has approved the issuance of bonus shares of 30 companies worth of Rs 7.82 arba which saw a decline from the previous year’s figure of Rs 10.89 arba, reads the statement. With more companies willing to issue public shares, SEBON has been working on a fast-track basis, as per the statement issued by the regulator. Out of 15 companies applying with SEBON to issue public shares, 5 companies are under the preliminary review whereas the appropriate comments have already been sent to the remaining 10 companies.