Tag: Adds

  • Lower Erkhuwa Hydropower’s IPO Proposal Under SEBON Review for Rs. 28.05 Crores

    Lower Erkhuwa Hydropower’s IPO Proposal Under SEBON Review for Rs. 28.05 Crores


    The Initial Public Offering (IPO) proposal of Lower Erkhuwa Hydropower Company Ltd. is currently under review by SEBON (Securities Board of Nepal). The company has submitted a proposal to issue a total of 2,805,750 shares, aiming to raise Rs. 28.05 crores. The application for the IPO was submitted on Falgun 11, 2080.

    Muktinath Capital Limited has been appointed as the issue manager for the public offering, overseeing the regulatory and procedural aspects of the IPO process. In terms of credit assessment, ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating double B minus) to Lower Erkhuwa Hydropower Company Limited. This rating indicates a moderate risk of default concerning the timely servicing of financial obligations.

    Lower Erkhuwa Hydropower Company Limited, established on February 10, 2008, is actively engaged in the development of the Lower Erkhuwa Khola Hydropower Project. This venture, with a capacity of 13.04 MW, is located in Bhojpur district, Province No. 1 of Nepal. The project follows a run-of-the-river (R-o-R) type design and is currently in development at a 40% probability of exceedance (Q40). The Power Purchase Agreement (PPA) for this initiative features a unique approach, incorporating a six-month dry energy period and a six-month wet energy period, with a dry energy mix comprising approximately 30%.

    The inclusion of Lower Erkhuwa Hydropower Company Ltd.’s IPO in SEBON’s pipeline signifies the company’s move toward accessing the capital market for funding its ongoing projects and future endeavors.

  • SEBON Adds IPO Shares of Him River Power Ltd. and Pure Energy Ltd. to Pipeline

    SEBON Adds IPO Shares of Him River Power Ltd. and Pure Energy Ltd. to Pipeline


    Him River Power Ltd. has applied to SEBON for an IPO to issue 1,330,000 shares, aiming to raise Rs. 13.30 crores. The application was submitted on Magh 28, 2080. Siddhartha Capital Limited will manage the offering. CARE Ratings Nepal Limited has given HRPL an issuer rating of ‘CARE-NP BB (Is),’ indicating a moderate risk of default on financial obligations in Nepal.

     

  • SEBON Adds Reliance Spinning Mills and Swastik Laghubitta Sanstha IPO Shares to Pipeline

    SEBON Adds Reliance Spinning Mills and Swastik Laghubitta Sanstha IPO Shares to Pipeline


    Reliance Spinning Mills Ltd.’s Initial Public Offering (IPO) has been submitted to SEBON’s IPO pipeline for approval. The company plans to offer 1,155,960 unit shares to the public, aiming to raise Rs. 94.88 crore. These shares will be priced at Rs. 820.80 each for general investors. The IPO will be conducted using the book-building method.

     

  • SEBON Approves Inclusion of Sarbottam Cement’s IPO in Pipeline, Sets Stage for Rs. 1.29 Arba Offering

    SEBON Approves Inclusion of Sarbottam Cement’s IPO in Pipeline, Sets Stage for Rs. 1.29 Arba Offering


    Sarbottam Cement Ltd.’s Initial Public Offering (IPO) has been included in the Securities Board of Nepal’s (SEBON) IPO pipeline for approval. The company intends to issue 3,600,000 unit shares to both local and general investors, with the IPO expected to generate a total of Rs. 1.29 Arba. Priced at Rs. 360.90 per share for both local and general investors, Sarbottam Cement Ltd. plans to conduct the IPO through the book-building method. Global IME Capital Ltd. has been appointed as the issue manager, and the application was submitted to SEBON on Mangsir 18, 2080. ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating at [ICRANP-IR] BBB+, along with the long-term rating of [ICRANP] LBBB+ and the short-term rating of [ICRANP] A2 for the company’s bank loan limits.

    Additionally, the IPO proposal of Bikash Hydropower Company Ltd. has also been added to SEBON’s pipeline. The company has put forth a proposal to issue a total of 4,454,596 shares to both local and general investors, raising Rs. 44.54 crores. The application for this proposal was submitted on Mangsir 19, 2080, and Prabhu Capital Limited will serve as the issue manager for the public offering. ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB to Bikash Hydropower Company Limited (BHCL), indicating a moderate risk of default regarding the timely servicing of financial obligations. It’s important to note that this rating reflects a general assessment of the company’s creditworthiness and is not specific to any particular debt instrument.

  • Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores

    Hotel Forest Inn Ltd. Seeks SEBON Approval for IPO, Plans to Raise NPR 98 Crores


    The IPO (Initial Public Offering) of Hotel Forest Inn Ltd. is currently in the approval process within the IPO pipeline of the Securities Board of Nepal (SEBON).

    Hotel Forest Inn Ltd. has presented a proposal to the regulatory body of the capital market, seeking permission to issue 9,800,000 shares as part of their IPO. This issuance is expected to generate a total of Rs. 98 crores in capital for the company. The formal application for this IPO proposal was submitted on Kartik 15, 2080.

    In managing the IPO and ensuring its successful execution, NIC Asia Capital Limited has been appointed as the issue manager, taking on a pivotal role in the public offering process.

    It’s worth noting that CARE Ratings Nepal Limited (CRNL) has conducted a rating assessment for Hotel Forest Inn Private Limited’s long-term bank facilities, assigning a rating of ‘CARE-NP BB-‘ to these facilities. This rating provides insight into the creditworthiness and financial stability of the company as it enters the IPO process.

  • Solu Hydropower and Taksar Pikhuwa Khola Hydropower Seek Approval for IPOs in Nepal

    Solu Hydropower and Taksar Pikhuwa Khola Hydropower Seek Approval for IPOs in Nepal


    Solu Hydropower Limited’s Initial Public Offering (IPO) has been added to the approval pipeline of SEBON (Securities Board of Nepal). The company intends to issue 20,000,000 unit shares to both local and general investors, with the IPO expected to generate a total of Rs. 2 Arba.

    Nabil Investment Banking Limited has been designated as the issue manager responsible for overseeing the IPO process. The application for this IPO was submitted to SEBON on Ashwin 23, 2080.

    Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BB (Is) [Double B (Issuer)] to Solu Hydropower Limited. This rating suggests a moderate level of default risk in terms of meeting financial obligations.

    Similarly, the IPO proposal of Taksar Pikhuwa Khola Hydropower Limited has also been included in SEBON’s IPO pipeline. Taksar Pikhuwa Khola Hydropower Limited has presented a proposal to the capital market regulator to issue a total of 4,230,668 shares to both local and general investors, raising an amount of Rs. 42.30 crores for the company. The application for this IPO was submitted on Ashwin 26, 2080.

    Prabhu Capital Limited has been appointed as the issue manager for the public offering of Taksar Pikhuwa Khola Hydropower Limited.

    CARE Ratings Nepal Limited (CRNL) has reaffirmed a rating of ‘CARE-NP BB’ for the long-term bank facilities of Taksar Pikhuwa Khola Hydropower Private Limited (TPKH).

  • SEBON Adds Six New IPO Proposals to Pipeline, Featuring Hydropower, Other, and Manufacturing Sectors

    SEBON Adds Six New IPO Proposals to Pipeline, Featuring Hydropower, Other, and Manufacturing Sectors


    The Securities Board of Nepal (SEBON) is considering six new IPO proposals from various companies. Among them, Apex Hospitality Limited has applied to issue 2,400,000 shares, aiming to generate Rs. 24 crores for their company. This application was submitted on Ashwin 12, 2080, and Himalayan Capital Limited will serve as the issue manager for the public offering.

    Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has granted an issuer rating of IRN B+ (Is) [Single B Plus (Issuer)] to Apex Hospitality Limited. This rating signifies a relatively high risk of default in meeting financial obligations on time.

     

  • Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON

    Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON


    Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a formal proposal to the Securities Board of Nepal (SEBON) to initiate a Further Public Offering (FPO). The company’s aim with this FPO is to issue 475,449 additional shares, raising a total of Rs. 47,544,915 in capital. Similar to an Initial Public Offering (IPO), the general public will have the opportunity to apply for these shares at a par value of Rs. 100 per share.

    Sunrise Capital has been appointed as the issue manager for this offering, and the application for the FPO was officially submitted to SEBON on Bhadra 24.

    As of now, MSLB’s current paid-up capital stands at Rs. 32.23 Crores. However, upon the successful issuance of the FPO, the paid-up capital will experience an increase, reaching Rs. 36.99 Crores.

    It’s worth noting that ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B Minus) to Mahuli Laghubitta Bittiya Sanstha Limited. This rating suggests that issuers with this designation are assessed to have a moderate risk of default in terms of fulfilling their financial obligations in a timely manner.

  • “SEBON Adds 39.50 Lakhs IPO Shares of Daramkhola Hydro Energy to Pipeline”

    “SEBON Adds 39.50 Lakhs IPO Shares of Daramkhola Hydro Energy to Pipeline”


    Daramkhola Hydro Energy Limited has submitted an IPO proposal to SEBON (Securities Board of Nepal). The proposal outlines the issuance of 3,950,000 shares, with the aim of raising Rs. 39.5 crores for the company. This application was submitted on Bhadra 05, 2080.

    For the public offering, Laxmi Capital has been appointed as the issue manager.

    Daram Khola Hydroelectric Project, situated in Galkot-11 of Baglung district, is a run-of-river project that harnesses the water from Daram Khola. It boasts an installed capacity of 9.6 MW and includes various components like a diversion weir, intake structures, headrace pressure pipe, surge tank, penstock pipe, powerhouse, tailrace canal, and switchyards. The electricity generated by the project will be connected to the 33 kV Harichaur Substation. To facilitate this, the company plans to construct a 14 km long 33 kV transmission line from the powerhouse to the Harichaur substation in Baglung district.

     

  • “SEBON Adds 11.19 Lakhs IPO Shares of Him Star Urja Company to Pipeline”

    “SEBON Adds 11.19 Lakhs IPO Shares of Him Star Urja Company to Pipeline”


     

    “Him Star Urja Company Limited’s IPO Proposal Under SEBON Review”

    Him Star Urja Company Limited has submitted a proposal to SEBON, the capital market regulator, for an initial public offering (IPO). The company plans to issue 1,119,000 shares, which will generate a capital of Rs. 11.19 crores. The application was submitted on Jestha 31, 2080. NIC Asia Capital has been appointed as the issue manager for the public offering.

     

  • SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”

    SEBON Plans to Launch Nabil Investment Banking’s New Mutual Fund Scheme “NI 31”


     

    In the most recent list of mutual fund scheme pipeline status published by the Securities Exchange Board of Nepal (SEBON), “NI 31” has recently been added under preliminary review.

    The fund size for NI 31 will be Rs. 15 crores divided into 1.5 crore units with a par value of Rs.10 per unit. On Chaitra 16, the application was submitted to SEBON. The mutual fund scheme’s fund manager is Nabil Investment Banking Limited. Nabil Bank, on the other hand, is the scheme’s Fund Sponsor.