Kantipur Television Network Limited is currently in the exciting process of initiating its Initial Public Offering (IPO) and opening up shares to the general public. This strategic move towards greater public participation in the company’s ownership was set into motion when Kantipur Television Network Limited submitted its IPO application to the Securities Board of Nepal (SEBON) on Jestha 28, 2080 BS. The company eagerly awaits approval from this regulatory authority, which is a crucial step before proceeding with the public offering.
Upon receiving the green light from SEBON, Kantipur Television Network Limited intends to make available 7,50,000 unit shares to the general public. These shares, with a par value of Rs 100 each, represent a significant public issue amounting to a total of Rs 7.50 crores.
To facilitate and manage this momentous IPO endeavor, Kantipur Television Network Limited has wisely chosen Sanima Capital Limited as its dedicated issue and sales manager. A formal agreement for the public offering has already been solidified between the company and Sanima Capital, ensuring a smooth and efficient process.
Kantipur Television Network Limited
Kantipur Television Network Limited, a notable player in Nepal’s media broadcasting industry, was originally established in the year 2000 as a private limited company. However, in July 2021, the company underwent a transformation, converting into a public company with the intent of extending ownership opportunities to the general public.
This company is an integral part of the esteemed Kantipur Media Group and boasts two prominent channels in its portfolio: Kantipur Television and Kantipur Cineplex HD, offering diverse content to cater to the entertainment needs of its audience.
Notably, Kailash Sirohiya, the Managing Director, holds a substantial stake in the company, amounting to approximately 29 percent. This demonstrates his commitment to the company’s growth and success, aligning with the broader vision of Kantipur Television Network Limited in becoming a publicly-owned entity.