Strictness in issuing IPO, if the net worth is less than 100 rupees, permission will not be given
Kathmandu. Nepal Securities Board Sebon has prepared to make the criteria for initial public issue IPO approval more stringent. The Board, while publishing the draft of the General Eligibility Guidelines for Public Offerings, 2083, proposed not to allow IPO issuance to companies with a net worth less than the nominal value per share.
According to the proposed system, companies with a net worth per share of less than Rs 100 will be ineligible for IPO. Earlier, based on the directives of the Public Accounts Committee under the previous House of Representatives, companies with a net worth of less than 90 rupees per share were not allowed to IPO. Now it has been proposed that the net worth should be maintained at the same level as the nominal value by making it more strict.
Express
Related News
Here are the foreign currency exchange rates for today
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 151 rupees 19 paisa and the selling rate is 151 rupees 79 paisa. Simil...
The tenth amendment of the National Bank Act 2058
Kathmandu. The Ministry of Finance has started the process of amending the existing legal structure related to Nepal Rastra Bank. The ministry has released the draft of the bill to amend the Nepal Rastra Bank Act, 2058 and has sought opinions and...
Ministry's directive to refund fees collected illegally from students
Kathmandu. The Ministry of Education, Science and Technology has directed all concerned to refund the illegally collected fees to the students. The ministry issued a statement on Wednesday and directed some institutional schools to return the amou...
'Upper Myagdi' Hydropower Project: 50% physical progress in 13 months
Myagdi. In the 13 months since the construction of the under construction 'Upper Myagdi' hydropower project in Dhawalagiri Rural Municipality of Myagdi, 50% physical progress has been achieved. The 46.25 MW capacity project promoted by Hydro Empir...
Kamal Thapa's attack on Swarnim Wagle's Delhi statement: 'Speaking against borders and blockades is not anti-India'
Kathmandu. Senior leader of Rashtriya Prajatantra Party RPP and former foreign minister Kamal Thapa said Finance Minister Dr. Swarnim Wagle strongly objected to the opinion expressed in New Delhi during his visit to India.
Financ...
Sopan Pharmaceuticals IPO allotment, 3 lakh 47 thousand got shares
Kathmandu. Sopan Pharmaceuticals Limited has distributed the IPO issued to the general public. The sales manager, NMB Capital Limited, distributed the IPO this morning. The company had opened the IPO sale of 34 lakh 74 thousand 900 shares to the g...



