Nepal Securities Board Approves IPOs for 24 Companies, Valued at Rs 9.11 Billion

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The Securities Board of Nepal has approved initial public offerings (IPOs) for 24 companies, allowing the sale of approximately 91.18 million ordinary shares valued at around Rs 9.11 billion. The approvals, granted by mid-April of the current fiscal year, predominantly feature 15 hydropower projects, alongside companies from the manufacturing, development bank, and hotel and tourism sectors. This move signifies growing interest in raising capital through Nepal's stock market.

Fifteen of the approved companies are in the hydropower sector, reflecting its continued dominance in Nepal's capital market.
Seven companies from the manufacturing and processing sector, one development bank, and one from the hotel and tourism sector also received approval.
A total of 98 companies are currently awaiting approval for IPO issuance, including 32 hydropower companies and 26 from the manufacturing and processing sector.
The total value of shares approved for sale stands at approximately Rs 9.11 billion.
The Nepal Stock Exchange currently lists 103 hydropower companies.