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Accord Pharmaceuticals Limited Files for IPO in Nepal’s Growing Pharmaceutical Sector

Accord Pharmaceuticals Limited Files for IPO in Nepal's Growing Pharmaceutical Sector
Accord Pharmaceuticals Limited Files for IPO in Nepal's Growing Pharmaceutical Sector

Kathmandu, Nepal – Jan 27, 2024 – Accord Pharmaceuticals Limited, a promising pharmaceutical company in Nepal, has officially filed for an initial public offering (IPO) to raise capital and expand its operations. This move signals a significant development within Nepal’s burgeoning pharmaceutical industry.

Key IPO details:

  • Sector: Others
  • Type of Issue: IPO
  • Number of Shares: 706,909
  • Amount of Issue: NPR 70,690,900
  • Issue Manager: Global IME Capital Ltd
  • Date of Application: 2079/09/04
  • Processing Status: Under SEBON Review (as of 2080/06/25)

Timeline of Events:

  • Application Submission: 2079/09/04
  • SEBON Comments: 2079/11/04, 2080/02/22
  • Company Replies: 2079/12/09, 2080/03/15
  • Expected SEBON Decision: Awaiting (as of 2080/06/25)

Related: Upcoming New IPO’s in Nepal

Significance for Nepal’s Pharmaceutical Sector:

  • Industry Growth: This IPO highlights the growing opportunities within Nepal’s pharmaceutical sector, which has witnessed steady expansion in recent years.
  • Investment Opportunities: It presents a potential investment avenue for individuals seeking exposure to the healthcare industry.
  • Job Creation: Accord’s expansion could contribute to job creation and economic growth within Nepal.

Stay Updated:

Investors and stakeholders are advised to stay updated on the IPO’s progress through our website, Sebon and Accord Pharmaceuticals Limited’s communication channels.

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Written by ipoyard

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