SEBON Adds IPO Proposals of These 6 Companies To Its Pipeline; 3 Each from Hydropower, 2 From Other and 1 from Manufacturing Sector

The Securities Board of Nepal (SEBON) has added IPO proposals of six companies in its pipeline.

Apex Hospitality Limited has submitted a proposal to the capital market regulator to issue 2,400,000 shares. This will raise Rs. 24 crores for the company. The application was submitted on Ashwin 12, 2080.

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

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned the issuer rating of IRN B+ (Is) [Single B Plus (Issuer)]. An issuer with this rating is considered to have a high risk of default regarding the timely servicing of financial obligations.

Similarly, Jagdamba Steels Limited has submitted a proposal to the capital market regulator to issue 20,070,000 shares at a premium price which will raise Rs. 6.02 Arba for the company. The application was submitted on Ashwin 17, 2080.

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

Infomerics Credit Rating Nepal (Infomerics Nepal) has assigned the issuer rating of IRN BBB (Is) [Triple B (Issuer)]. An issuer with this rating is considered to have a moderate degree of safety regarding the timely servicing of financial obligations.

Likewise, SY Panel Nepal Limited has submitted a proposal to the capital market regulator to issue 5,232,548 shares. This will raise Rs. 52.32 crores for the company. The application was submitted on Ashwin 19, 2080.

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

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating double B) to SY Panel Nepal Limited, indicating a moderate risk of default regarding timely servicing of financial obligations. 

In the same manner, Mabilung Energy Limited has submitted a proposal to the capital market regulator to issue 1,890,530 shares. This will raise Rs. 18.90 crores for the company. The application was submitted on 14th Ashwin, 2080.

Laxmi Capital Market Ltd has been appointed the issue manager for the public offering.

ICRA Nepal has assigned the issuer rating of [ICRANP-IR] B+ (pronounced ICRA NP issuer rating B plus) to Mabilung Energy Limited. Issuers with this rating are considered to have a high risk of default regarding the timely servicing of financial obligations.

Meanwhile, Beni Hydropower Project Limited has submitted a proposal to the capital market regulator to issue a total of 2,080,000 shares. This will raise Rs. 20.80 crores for the company. The application was submitted on Ashwin 05, 2080.

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

Beni Hydropower (P.) Ltd is a hydropower development company founded in 2016. The company is developing the Upper Solu Khola Hydropower Project, a run-of-river type project with a licensed capacity of 18 MW. The project is located in Beni (Salleri), Solukhumbhu district of Nepal. The project is currently under construction.

The IPO proposal of Yambaling Hydropower Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 2,800,000 shares. This will raise Rs. 28 crores for the company. The application was submitted on Ashwin 10, 2080.

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

CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP B+ (Is)’ to Yambaling Hydropower Limited (YHL). Issuers with this rating are considered to offer a high risk of default regarding the timely servicing of financial obligations, in Nepal.