The updated list of upcoming IPOs in Nepal 2023 includes the companies that are going to issue shares to the general public of Nepal. Generally, The company issue shares to the general public for collecting funds and after going public the actual worth of the company determines. Don’t get me wrong but the people and market ultimately are the real valuer of the company. The process of issuing IPOs in Nepal is to comply with the criteria mentioned by SEBON. Once a company is eligible, It can apply for an IPO by submitting the documents to SEBON with the help of an issue manager or merchant banking. Here we have brought the complete list of upcoming IPOs in Nepal that are approved or in the pipeline for getting approval.
Before moving further in our list we might understand SEBON and its Responsibilities. SEBON is the security & exchange board of Nepal, and also the regulatory body of the share market in Nepal. SEBON is responsible for the affairs of the share market in Nepal including brokers and commissions.
Upcoming IPOs in Nepal with Opening and Closing Dates
| Company | Issue For | Status | Opening Date | Closing Date |
| Modi Energy | General Public | End | 19 Baisakh 2080 | 24 Baisakh 2080 |
| Three Star Hydropower | General Public | Coming Soon | —- | —– |
| Nepal Republic Media | General Public | Opening Soon | 26 Baisakh 2080 | 30 Baisakh 2080 |
| Nepal Republic Media | Nepalese working Abroad | Opening Soon | 31 Baisakh 2080 | 14 Jestha 2080 |
| Ingwa Hydropower Limited | General Public | Waiting for Result | 13 Baisakh 2080 | 17 Baisakh 2080 |
| City Hotel Ltd. | General Public | OPEN | 25 Bishakh 2080 | 28 Baishakh 2080 |
| The list of Companies that are issuing on Chaitra 2079 | |||
| S.N | Companies | Issue Manager | Units |
| 1. | City Hotel Limited | Global IME Capital Ltd | 1,674, 000 |
| 2. | Ingwa Hydropower Company | Nepal SBI Merchant Banking Ltd | 1,800,000 |
| 3. | Makar Jitumaya Suri Hydropower | Prabhu Capital Limited | 2,280,000 |
| 4. | Mai Khola Hydropower Limited | Prabhu Capital limited | 1,921,568 |
| 5. | Dolti Power Company Ltd | Nic Asia Capital Ltd | 1,609,458 |
| 6. | Menchhiyam Hydropower Ltd | Nic Asia Capital Ltd | 1,627,750 |
| 7. | Bhugol Energy Development Company | Nic Asia Capital Ltd | 1,632,160 |
| 8. | Rawa Energy Development Ltd | Prabhu Capital limited | 840,000 |
| 9. | Modi Energy Limited | Sunrise Capital Ltd | 7,250,000 |
Upcoming IPOs in Nepal 2022 under SEBON Pipeline
| Company | Sector | Unit |
|---|---|---|
| Reliable Life Insurance Ltd. | Insurance | 6000000 |
| Muktinath Krishi Company Ltd. | Others | 400000 |
| Sarbottam Cement Ltd | Manufacturing and Processing | 2400000 |
| Reliance Spinning Mills Ltd. | Manufacturing and Processing | 770640 |
| Dolti Power Company Ltd. | Hydropower | 1609458 |
| Sagarmatha Jalbidhyut Company Ltd. | Hydropower | 5488000 |
| Mai khola Hydropower Ltd. | Hydropower | 1921568 |
| Modi Energy Limited | Hydropower | 7250000 |
| Sonapur Minerals and Oil Ltd. | Manufacturing and Processing | 1,23,00,000 |
| Menchhiyam Hydropower Power Ltd. | Hydropower | 1627750 |
All the above IPOs are at a par value of 100 per share except Sarbottam Cement & Reliance Spinning mills which are issued at a premium under the book-building method. The above-listed company is under preliminary review by SEBON.
Reviewed By SEBON & Comment Sent to the Company
| Company | Sector | Unit |
|---|---|---|
| Dish Media Network Limited | Others | 2385929 |
| IME Life Insurance Co Ltd | Insurance | 6000000 |
| Hathway Investment Nepal Ltd. | Investment | 2925000 |
| Maya Khola Hydropower Co. Ltd | Hydropower | 3400000 |
| Bhugol Energy Development Co. Ltd. | Hydropower | 1632160 |
| Makar Jitumaya Suri Hydropower Ltd. | Hydropower | 2280000 |
| BPW Laghubitta Bittiya Sanstha Ltd | Hydropower | 97000 |
| Ghorahi Cement Industry Ltd. | Manufacturing and Processing | 7943801 |
| Kutheli Bukhari Small Hydropower Ltd. | Hydropower | 243735 |
| Trade Tower Ltd | Others | 1158980 |
| Sanima Middle Tamor Hydropower Ltd. | Hydropower | 8331250 |
| Upper Syange Hydropower Ltd. | Hydropower | 870000 |
| Rawa Energy Development Ltd. | Hydropower | 840000 |
Except for Ghorahi Cement, all the companies will issue IPO at a Par Value of 100. Ghorahi Cement Industry Limited is issuing its share at a premium of 435 NPR.
Company Under Final Review for Issuing IPOs
| Company | Sector | Unit |
|---|---|---|
| Supermai Hydropower Ltd. | Others | 1000,00 |
| Molung Hydropower Company Ltd | Insurance | 3531000 |
| Barahi Hydropower Public Ltd | Investment | 700000 |
| Asian Hydropower Ltd | Hydropower | 1180000 |
| Kalinchowk Darshan Ltd | Hotel & tourism | 1200000 |
| City Hotel Ltd. | Hotel & tourism | 1674000 |
| Ingwa Hydropower Ltd | Hydropower | 1800000 |
| Super Madi Hydropower Ltd | Hydropower | 3150000 |
| Shuvam Power Ltd | Hydropower | 580580 |
| Three Star Hydropower Ltd | Hydropower | 1231250 |
| Aatmanirbhar Laghubitta Bittiya Sanstha | Microfinance | 203380 |
Each in the list will be issued at a face value of Rs. 100 per share.
The total number of upcoming IPOs in Nepal is 36 which have listed above Out of which three are coming under the book-building process. This list of upcoming IPOs is collected from the SEBON website. You can get a pdf of the list of upcoming IPOs in Nepal from the SEBON site.
Recently, Approved Upcoming IPO
- Molung Hydropower’s Company Limited Hydropower sector 8,025,000 shares, Issue manager is sunrise capital
- Kalinchowk Darshan Limited
- Asian Hydropower Company Limited
- Shikhar Power Development Limited
- Super Madi Hydropower Limited
- Makar Jitumaya Suri Hydropower Company Limited
- Maya Khola Hydropower Limited
Few FAQs or Terms you might wonder to know:
What is IPO?
When a private firm or a public firm first sells shares of stock to the general public, this procedure is known as an initial public offering (IPO). In essence, an IPO signifies that a company’s ownership is shifting from private ownership to public ownership. After IPO the company shares are traded freely on exchange.
What is Book Building Method?
Book building is the process through which a Merchant Banking or Issue Manager attempts to identify the price at which an initial public offering (IPO) will be made. A Book building has transcended the ‘fixed pricing’ method, where the price is set before investor involvement, to become the de facto process by which firms price their IPOs. The process of price discovery entails generating and recording investor demand for shares before arriving at an issue price that will satisfy both the firm offering the IPO and the market. It is strongly recommended by all the major stock exchanges as the most effective approach to price equities. In the case of under subscription, the merchant bank will pay the amount fixed to buy the shares.
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