SEBON Adds IPO Proposals of 5 Companies Others Sector To Its Pipeline

The IPO proposal of Nepal Broadcasting Channel Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 1,000,000 shares with a face value of Rs. 50. This will raise Rs. 5 crores for the company. The application was submitted on Jestha 21, 2081.

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

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BB- (Is) [Double B Minus (Issuer)]. Issuers with this rating are considered to have a moderate risk of default in meeting their financial obligations on time.

Founded in September 2007, Nepal Broadcasting Channel Private Limited was transformed into Nepal Broadcasting Channel Limited (NBCL) in July 2023. NBCL operates as a television broadcasting channel, known for its news channel, 'News24.'

Similarly, Kailash Helicopter Services Limited has submitted a proposal to the capital market regulator to issue 350,000 shares at a premium price of Rs. 327 which will raise Rs. 11.44 Crore for the company. The application was submitted on Jestha 29, 2081.

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

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BBB (pronounced ICRA NP issuer rating triple B) to Kailash Helicopter Services Limited. Issuers with this rating are considered to have a moderate level of safety in meeting their financial obligations on time, carrying moderate credit risk. The rating reflects an opinion on the general creditworthiness of the entity and is not specific to any particular debt instrument.

Kailash Helicopter Services Limited (KHSL), established in 2017 and converted to a public limited company in July 2023, is a key player in Nepal's rotor wing industry. The company offers services such as chartered flights, rescue operations, and adventure tours, using a fleet of three Airbus helicopters.

Similarly, Shivam Holdings Limited has submitted a proposal to the capital market regulator to issue 11,600,000 shares at a premium price of Rs. 210 which will raise Rs. 2.43 Arba for the company. The application was submitted on Jestha 29, 2081.

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

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BBB- (Is) [Triple B Minus (Issuer)]. Issuers with this rating are deemed to have a moderate level of safety in meeting their financial obligations on time.

Shivam Holding, established as a private limited company in February 2015 and converted to a public limited company in June 2022, was initially formed to hold a 30% stake in HONGSHI. The company now plans to diversify its portfolio into sectors like hydropower, manufacturing, financial services, and hospitality. Major shareholders of Shivam Holding include Shivam Cement Limited (85.03%), Mr. Deepak Kumar Jha (6.00%), and Mr. Binod Kumar Shrestha (6.00%).

Likewise, the Business Interest Group of Industries Limited has submitted a proposal to the capital market regulator to issue 4,500,000 shares. This will raise Rs. 45 crores for the company. The application was submitted on Ashadh 2, 2081.

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

Similarly, Chhaya Devi Complex Limited has submitted a proposal to the capital market regulator to issue 1,437,500 shares at a premium price of Rs. 400 which will raise Rs. 57.50 Crore for the company. The application was submitted on Bhadra 2, 2081.

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

ICRA Nepal has withdrawn the long-term rating of [ICRANP] LBB- (pronounced ICRA NP L double B minus) and the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) previously assigned to the bank loan limits of Chhaya Devi Complex Private Limited (CDCPL or the company).

Chhaya Devi Complex Private Limited (CDCPL), incorporated in January 2008, was created to develop a commercial complex with an integrated hotel. The company owns a 167-key five-star hotel combined with a retail mall. CDCPL has sold 72% of the commercial space, using the proceeds to complete the hotel. The remaining space, including a cinema hall and food court, is leased for rental income. The hotel operates under the Aloft brand, with management by Nidra Hospitality Private Limited under a franchise agreement with Starwood Asia Pacific Hotels and Resorts P. Ltd.