Skip to content
|Loading...
Share Gyan home
EBook

IPO Approvals Remain Stalled Despite New SEBON Leadership; 104 Companies Await Clearance

A month after a new leadership took charge at the Securities Board of Nepal (SEBON), the approval process for initial public offerings (IPOs) remains stalled. Currently, 104 companies seeking to raise over Rs 69.30 billion are awaiting regulatory approval.

Published By Share Gyan
IPO Approvals Remain Stalled Despite New SEBON Leadership; 104 Companies Await Clearance

The Securities Board of Nepal (SEBON) has yet to resume IPO approvals despite a month passing since Dr. Gopal Prasad Bhatt assumed office as chairman. No company has received approval in the last three months, leaving 104 firms waiting to issue around 472.8 million shares worth Rs 69.30 billion. SEBON says the approval process has not been formally halted, while officials attribute the delay to the need for updated annual reports and financial statements at the start of the new fiscal year. Dr. Bhatt has emphasized regulatory reforms and long-term capital market development, indicating that IPO approvals may take some more time. Of the pending applications, 34 are from hydropower companies, followed by 30 manufacturing firms and 18 hotel and tourism companies. Market participants expect the approval process to gain momentum once the required financial disclosures are completed.

Related News

Ashutosh Energy Receives SEBON Approval to Issue 1.2 Million IPO Shares

The Securities Board of Nepal (SEBON) has approved Ashutosh Energy Limited to issue 1.2 million ordinary shares at a face value of Rs. 100 per share, paving the way for the company's initial public offering (IPO).

Egypt Raises Over $650 Million from Bank of Cairo’s Record-Breaking IPO

Egypt has raised more than $650 million by selling a 45% stake in Bank of Cairo through an Initial Public Offering (IPO), marking the largest IPO in the history of the Egyptian stock market, according to the government.

Him Parbat Hydropower IPO Opens Today for Project-Affected Locals and Nepalis Abroad

Him Parbat Hydropower Limited has opened its IPO for project-affected local residents of Dolakha and Nepalis working abroad, offering shares at a face value of Rs. 100 per share.

Beni Hydropower Makes Stock Market Debut at Rs 273 per Share

Beni Hydropower Project Limited (BENH) recorded its first share transaction at Rs 273 per share during Thursday’s special pre-open session on the Nepal Stock Exchange (NEPSE). The company’s shares became eligible for regular market trading following the successful opening transaction.

Him Parbet Hydropower to Open IPO for Locals and Nepalis Working Abroad

Him Parbet Hydropower Limited will open its IPO on Kartik 11 for project-affected residents of Dolakha and Nepalis working abroad, offering shares at a face value of Rs. 100 each.

Doleshwor Village Resort Proposes IPO of 16.20 Lakh Shares

Doleshwor Village Resort and Farm House Limited has proposed issuing 16.20 lakh ordinary shares, representing 30% of its issued capital, to the general public.