SEBON Adds IPO Proposals of 2 from Hydropower and 1 From Others Sector To Its Pipeline

The IPO proposal of Ridge Line Energy Ltd is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 5,804,201 shares to the local as well as the general public. This will raise Rs. 58.04 crores for the company. The application was submitted on Mangsir 25, 2080.

Prabhu Capital Limited has been appointed the issue manager for the public offering.

CARE Ratings Nepal Limited (CRNL) has assigned a rating of „CARE-NP B+‟ to the long-term bank facilities and „CARE-NP A4‟ to the short-term bank facilities of Ridge Line Energy Private Limited (RLEPL).

Ridge Line Energy Private Limited (RLEPL) was established on December 28, 2017, as a private limited company. Its formation was initiated by individual promoters to construct the Super Chepe Hydropower Project (SCHP), featuring a 9.05 MW capacity, following the "BOOT" (Build, Own, Operate, and Transfer) model. The project site is situated within Ajirkot Rural Municipality, Gorkha District, Nepal.

Similarly, The IPO proposal of Laughing Buddha Power Nepal Ltd. is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 6,577,000 shares. This will raise Rs. 65.77 crores for the company. The application was submitted on Poush 2, 2080.

Nabil Investment Banking Limited has been appointed the issue manager for the public offering.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] B- (pronounced ICRA NP issuer rating B minus) to Laughing Buddha Power Nepal Limited (LBPNL or the company). Issuers with this rating category are considered to have a high risk of default in the timely servicing of financial obligations. The rating is only an opinion on the general creditworthiness of the rated entity and is not specified to any debt instrument.

Similarly, the Initial Public Offering (IPO) of the Hospital For Advanced Medicine and Surgery Ltd. ( HAMS Hospital) has been added to SEBON’s IPO pipeline for approval.

The company is seeking to issue 1,125,000 unit shares to the general public at a premium price of Rs. 188 per share (Rs 100 face value + Rs 188 premium price). The IPO issue will raise a total of Rs. 32.40 Crores.

Likewise, Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BBB- (pronounced ICRA NP Issuer Rating triple B minus) to the Hospital for Advanced Medicine & Surgery Limited (HAMS or the company). Issuers with this rating are considered to have a moderate degree of safety regarding the timely servicing of financial obligations.

Incorporated as a private limited company in January 1998, Hospital for Advanced Medicine & Surgery Limited (HAMS) was converted to a public limited company in July 2022. HAMS is a 100-bed licensed multi-specialty hospital located in Dhumbarahi, Kathmandu. The major promoters of HAMS are its chairman Mr. Ram Sharan Bhandari and his family members.