Upcoming New IPO’s in Nepal 2024

Upcoming New IPO's in Nepal 2024
Upcoming New IPO's in Nepal 2024

Discover the most recent and upcoming new Initial Public Offerings (IPOs) in Nepal, including hydro, manufacturing, hotel, and more. Learn about the share details, issuance amounts, and important dates for firms such as Dish Media Network, Orchid Holdings, and Beni Hydropower. Stay up-to-date on market developments and investment opportunities as we delve into Nepal’s current IPO scene.

Upcoming New IPO’s in Nepal

Here are some of the notable IPOs that have taken place recently:

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S.N.Company NameSectorType of IssueNo. of SharesAmount of IssueIssue ManagerDate of ApplicationDate of CommentDate of ReplyProcessing Status / Remarks
1Dish Media Network Ltd.OthersIPO13,584,9551,358,495,500Prabhu Capital Ltd.2080/03/12
2Yambaling Hydropower LimitedHydroIPO2,800,000280,000,000Muktinath Capital Limited2080/06/10
3Apex Hospitality LimitedOthersIPO2,400,000240,000,000Himalayan Capital Limited2080/06/12
4SY Panel Nepal LimitedManufacturing and ProcessingIPO5,232,548523,254,800Prabhu Capital Ltd.2080/06/19
5Orchid Holdings Ltd.Hotels and TourismIPO11,500,0001,150,000,000Laxmi Capital Market Ltd.2080/08/13
6Bikash Hydropower Company Ltd.HydroIPO4,454,596445,459,600Prabhu Capital Ltd.2080/08/19
7Ridge Line Energy Ltd.HydroIPO5,804,201580,420,100Prabhu Capital Ltd.2080/08/25
8Laughing Buddha Power Nepal Ltd.HydroIPO6,577,000657,700,000Nabil Investment Banking Ltd.2080/09/02
9HAMS HospitalOthersIPO1,125,000324,000,000Muktinath Capital Limited2080/09/06
10Shaurya Cement Industries Ltd.Manufacturing and ProcessingIPO15,981,5004,227,266,565Nabil Investment Banking Ltd.2080/09/12
11Annapurna Cable CarOthersIPO3,100,000310,000,000Muktinath Capital Limited2080/09/16
12Beni Hydropower Project Ltd.HydroIPO2,080,000208,000,000NMB Capital Limited2080/06/052080/09/20Replied and Under Review
13Accord Pharmaceuticals LimitedOthersIPO706,90970,690,900Global IME Capital Ltd2079/09/042079/11/042080/02/222080/04/24
14Trade Tower Ltd.OthersIPO1,158,980115,898,000Laxmi Capital Market Ltd.2079/03/142080/02/222080/04/192080/05/01
15Sanima Hydropower Ltd.HydroIPO1,470,000147,000,000Sanima Capital Ltd2080/02/262080/04/152080/05/06Further documents received
16Kantipur Television Network Ltd.OthersIPO750,00075,000,000Sanima Capital Ltd2080/02/282080/04/152080/05/13
17IME LimitedOthersIPO1,000,000100,000,000Prabhu Capital Ltd.2080/03/292080/06/212080/06/30
18Bhujung Hydropower LimitedHydroIPO1,455,000145,500,000Kumari Capital Limited2080/05/132080/06/242080/07/03
19Jagdamba Steels LimitedManufacturingIPO20,070,0006,021,000,000Siddhartha Capital Limited2080/06/172080/08/122080/09/20
20Solu Hydropower LimitedHydroIPO20,000,0002,000,000,000Nabil Investment Banking Ltd.2080/06/232080/08/152080/08/19
21Sanvi Energy LimitedHydroIPO3,790,000379,000,000Nepal SBI Merchant Banking2080/05/272080/08/122080/08/21
22Him Star Urja Company Ltd.HydroIPO1,119,000111,900,000

Related: Reliance Spinning Mills IPO Price, Opening Price, Eps, Release Date, Net-Worth

1. Dish Media Network Ltd.

Sector: Others
Type of Issue: IPO
No. of Shares: 13,584,955
Amount of Issue: 1,358,495,500
Issue Manager: Prabhu Capital Ltd.
Date of Application: 2080/03/12
Processing Status: Under Review

Dish Media Network Ltd. has applied for an Initial Public Offering (IPO) in the Others sector, offering 13,584,955 shares at a total value of NPR 1,358,495,500. Prabhu Capital Ltd. is managing the issue, and the application was submitted on 2080/03/12. The Securities Board of Nepal is currently reviewing the application.

2. Yambaling Hydropower Limited

Sector: Hydro
Type of Issue: IPO
No. of Shares: 2,800,000
Amount of Issue: 280,000,000
Issue Manager: Muktinath Capital Limited
Date of Application: 2080/06/10
Processing Status: Under Review

Yambaling Hydropower Limited’s IPO involves the issuance of 2,800,000 shares in the Hydro sector, with a total value of NPR 280,000,000. Muktinath Capital Limited is the appointed issue manager, and the application was submitted on 2080/06/10. The IPO is currently under review.

3. Apex Hospitality Limited

Sector: Others
Type of Issue: IPO
No. of Shares: 2,400,000
Amount of Issue: 240,000,000
Issue Manager: Himalayan Capital Limited
Date of Application: 2080/06/12
Processing Status: Under Review

Apex Hospitality Limited has applied for an IPO in the Others sector, offering 2,400,000 shares at a total value of NPR 240,000,000. Himalayan Capital Limited is the issue manager, and the application was submitted on 2080/06/12. The IPO is currently under review.

4. SY Panel Nepal Limited

Sector: Manufacturing and Processing
Type of Issue: IPO
No. of Shares: 5,232,548
Amount of Issue: 523,254,800
Issue Manager: Prabhu Capital Ltd.
Date of Application: 2080/06/19
Processing Status: Under Review

SY Panel Nepal Limited’s IPO involves the issuance of 5,232,548 shares in the Manufacturing and Processing sector, with a total value of NPR 523,254,800. Prabhu Capital Ltd. is the appointed issue manager, and the application was submitted on 2080/06/19. The IPO is currently under review.

5. Orchid Holdings Ltd.

Sector: Hotels and Tourism
Type of Issue: IPO
No. of Shares: 11,500,000
Amount of Issue: 1,150,000,000
Issue Manager: Laxmi Capital Market Ltd.
Date of Application: 2080/08/13
Processing Status: Under Review

Orchid Holdings Ltd. is offering 11,500,000 shares in the Hotels and Tourism sector through an IPO, with a total value of NPR 1,150,000,000. Laxmi Capital Market Ltd. is the issue manager, and the application was submitted on 2080/08/13. The IPO is currently under review.

6. Bikash Hydropower Company Ltd.

Sector: Hydro
Type of Issue: IPO
No. of Shares: 4,454,596
Amount of Issue: 445,459,600
Issue Manager: Prabhu Capital Ltd.
Date of Application: 2080/08/19
Processing Status: Under Review

Bikash Hydropower Company Ltd. has applied for an IPO in the Hydro sector, offering 4,454,596 shares at a total value of NPR 445,459,600. Prabhu Capital Ltd. is the appointed issue manager, and the application was submitted on 2080/08/19. The IPO is currently under review.

7. Ridge Line Energy Ltd.

Sector: Hydro
Type of Issue: IPO
No. of Shares: 5,804,201
Amount of Issue: 580,420,100
Issue Manager: Prabhu Capital Ltd.
Date of Application: 2080/08/25
Processing Status: Under Review

Ridge Line Energy Ltd. is offering 5,804,201 shares in the Hydro sector through an IPO, with a total value of NPR 580,420,100. Prabhu Capital Ltd. is the issue manager, and the application was submitted on 2080/08/25. The IPO is currently under review.

8. Laughing Buddha Power Nepal Ltd.

Sector: Hydro
Type of Issue: IPO
No. of Shares: 6,577,000
Amount of Issue: 657,700,000
Issue Manager: Nabil Investment Banking Ltd.
Date of Application: 2080/09/02
Processing Status: Under Review

Laughing Buddha Power Nepal Ltd. has applied for an IPO in the Hydro sector, offering 6,577,000 shares at a total value of NPR 657,700,000. Nabil Investment Banking Ltd. is the appointed issue manager, and the application was submitted on 2080/09/02. The IPO is currently under review.

9. HAMS Hospital (Hospital For Advanced Medicine and Surgery Ltd.)

Sector: Others
Type of Issue: IPO
No. of Shares: 1,125,000
Amount of Issue: 324,000,000
Issue Manager: Muktinath Capital Limited
Date of Application: 2080/09/06
Processing Status: Under Review

HAMS Hospital is offering 1,125,000 shares in the Others sector through an IPO, with a total value of NPR 324,000,000. Muktinath Capital Limited is the issue manager, and the application was submitted on 2080/09/06. The IPO is currently under review.

10. Shaurya Cement Industries Ltd.

Sector: Manufacturing and Processing
Type of Issue: IPO
No. of Shares: 15,981,500
Amount of Issue: 4,227,266,565
Issue Manager: Nabil Investment Banking Ltd.
Date of Application: 2080/09/12
Processing Status: Under Review

Shaurya Cement Industries Ltd. has applied for an IPO in the Manufacturing and Processing sector, offering 15,981,500 shares at a total value of NPR 4,227,266,565. Nabil Investment Banking Ltd. is the appointed issue manager, and the application was submitted on 2080/09/12. The IPO is currently under review.

11. Annapurna Cable Car

Sector: Others
Type of Issue: IPO
No. of Shares: 3,100,000
Amount of Issue: 310,000,000
Issue Manager: Muktinath Capital Limited
Date of Application: 2080/09/16
Processing Status: Under Review

Annapurna Cable Car is offering 3,100,000 shares in the Others sector through an IPO, with a total value of NPR 310,000,000. Muktinath Capital Limited is the issue manager, and the application was submitted on 2080/09/16. The IPO is currently under review.

12. Beni Hydropower Project Ltd.

Sector: Hydro
Type of Issue: IPO
No. of Shares: 2,080,000
Amount of Issue: 208,000,000
Issue Manager: NMB Capital Limited
Date of Application: 2080/06/05
Date of Comment: 2080/09/20
Processing Status: Replied and Under Review

Beni Hydropower Project Ltd. has applied for an Initial Public Offering (IPO) in the hydro sector, offering 2,080,000 shares at a total value of NPR 208,000,000. NMB Capital Limited is managing the issue, and the application was submitted on 2080/06/05. The Securities Board of Nepal is currently under the review process, with comments received on 2080/09/20.

13. Accord Pharmaceuticals Limited

Sector: Others
Type of Issue: IPO
No. of Shares: 706,909
Amount of Issue: 70,690,900
Issue Manager: Global IME Capital Ltd.
Dates of Application, Comment, and Reply:

  • Application: 2079/09/04
  • Comment Sent: 2079/11/04
  • Reply Received: 2079/12/09
  • Comment Sent: 2080/02/22
  • Reply Received: 2080/03/15
  • Letter Sent: 2080/04/24
  • Reply Received: 2080/06/25

Accord Pharmaceuticals Limited has undergone a comprehensive IPO process, with multiple comments and replies. The latest status is under review since 2080/06/25.

14. Trade Tower Ltd.

Sector: Others
Type of Issue: IPO
No. of Shares: 1,158,980
Amount of Issue: 115,898,000
Issue Manager: Laxmi Capital Market Ltd.
Dates of Application, Comment, and Reply:

  • Application: 2079/03/14
  • Comment Sent: 2080/02/22
  • Reply Received: 2080/03/28
  • Comment Sent: 2080/04/19
  • Reply Received: 2080/05/01

Trade Tower Ltd.’s IPO process involves comments and replies, with the latest status indicating that the issue is under review since 2080/05/01.

15. Sanima Hydropower Ltd.

Sector: Hydro
Type of Issue: IPO
No. of Shares: 1,470,000
Amount of Issue: 147,000,000
Issue Manager: Sanima Capital Ltd.
Dates of Application, Comment, and Reply:

  • Application: 2080/02/26
  • Comment Sent: 2080/04/15
  • Reply Received: 2080/05/06
  • Further Documents: Received on 2080/06/30

Sanima Hydropower Ltd. has received comments and provided replies in the IPO process, and further documents were received on 2080/06/30.

16. Kantipur Television Network Ltd.

Sector: Others
Type of Issue: IPO
No. of Shares: 750,000
Amount of Issue: 75,000,000
Issue Manager: Sanima Capital Ltd.
Dates of Application, Comment, and Reply:

  • Application: 2080/02/28
  • Comment Sent: 2080/04/15
  • Reply Received: 2080/05/13

Kantipur Television Network Ltd.’s IPO is currently under review after receiving comments and providing replies.

17. IME Limited

Sector: Others
Type of Issue: IPO
No. of Shares: 1,000,000
Amount of Issue: 100,000,000
Issue Manager: Prabhu Capital Ltd.
Dates of Application, Comment, and Reply:

  • Application: 2080/03/29
  • Comment Sent: 2080/06/21
  • Reply Received: 2080/06/30

IME Limited’s IPO is currently under review after addressing comments received during the process.

18. Bhujung Hydropower Limited

Sector: Hydro
Type of Issue: IPO
No. of Shares: 1,455,000
Amount of Issue: 145,500,000
Issue Manager: Kumari Capital Limited
Dates of Application, Comment, and Reply:

  • Application: 2080/05/13
  • Comment Sent: 2080/06/24
  • Reply Received: 2080/07/03

Bhujung Hydropower Limited has received comments and provided replies in the IPO process, and it is currently under review.

19. Jagdamba Steels Limited

Sector: Manufacturing
Type of Issue: IPO
No. of Shares: 20,070,000
Amount of Issue: 6,021,000,000
Issue Manager: Siddhartha Capital Limited
Dates of Application, Comment, and Reply:

  • Application: 2080/06/17
  • Comment Sent: 2080/08/12
  • Reply Received: 2080/08/18
  • Comment Sent: 2080/09/20

Jagdamba Steels Limited has received comments and provided replies in the IPO process, and the latest status is under review since 2080/09/20.

20. Solu Hydropower Limited

Sector: Hydro
Type of Issue: IPO
No. of Shares: 20,000,000
Amount of Issue: 2,000,000,000
Issue Manager: Nabil Investment Banking Limited
Dates of Application, Comment, and Reply:

  • Application: 2080/06/23
  • Comment Sent: 2080/08/15
  • Reply Received: 2080/08/19

Solu Hydropower Limited’s IPO is currently under review after receiving comments and providing replies.

21. Sanvi Energy Limited

Sector: Hydro
Type of Issue: IPO
No. of Shares: 3,790,000
Amount of Issue: 379,000,000
Issue Manager: Nepal SBI Merchant Banking Limited
Dates of Application, Comment, and Reply:

  • Application: 2080/05/27
  • Comment Sent: 2080/08/12
  • Reply Received: 2080/08/21

Sanvi Energy Limited’s IPO is currently under review after receiving comments and providing replies.

22. Him Star Urja Company Ltd.

Sector: Hydro
Type of Issue: IPO
No. of Shares: 1,119,000
Amount of Issue: 111,900,000
Issue Manager: NIC Asia Capital Ltd
Dates of Application, Comment, and Reply:

  • Application: 2080/02/31
  • Comment Sent: 2080/06/15
  • Reply Received

Conclusion:

Finally, the Nepalese IPO market is humming with activity, with a diverse spectrum of companies making public offerings. Investors looking to diversify their portfolios have a wealth of options, ranging from the hydro industry, which includes companies like Bikash Hydropower and Ridge Line Energy, to manufacturing behemoths like Shaurya Cement Industries. Each IPO’s extensive research provides a comprehensive overview, assisting potential investors in making well-informed judgements in this brisk market. Keep an eye out for further information on Nepal’s financial landscape and emerging investment prospects.

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