Minimum limit to apply for public issue reduced from 50 units to 10 units compulsorily; SEBON publishes a notice making the directive immediately effective

Securities Exchange Board of Nepal (SEBON) has issued a Press Release regarding the new directive which will reduce the minimum number of units an investor can apply for in a public issue.

Earlier, the investors had a minimum limit of 50 units also to apply for a public issue. The investors had to compulsorily apply for minimum of 50 units of a public issue. But now, this limit has been reduced to compulsorily 10 units.

As per the notice, this limit has been reduced to encourage the entry of students and low income individuals in the securities market.

This directive will be effective immediately as per the notice.