Kathmandu, November 6
The Securities Board of Nepal (SEBON) has approved Ashutosh Energy’s initial public offering (IPO).
The board had granted IPO approval to Kantipur Pharmaceuticals just a day earlier. Ashutosh Energy will issue 1.2 million units of shares to the general public at a par value of Rs 100 each. This is 20 per cent of its total issued shares.
The remaining 80 percent, or 4.8 million units, will be held by the promoter group. NMB Capital is the issue and sale manager.
