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
Home circular to arrest bank employees who go door-to-door to collect loans
Kathmandu. The Ministry of Home Affairs has directed the Chief District Officer CDOs across the country to take action against the employees of banks and financial institutions who physically and mentally torture, misbehave or create illegal press...
1 lakh for the relief of flood victims.
The Kathmandu. The Nepal Insurance Authority Employees' Organization has decided to provide financial assistance for the rescue and relief of the people of Rasuwa, Nuwakot, Dhading and other areas affected by the floods of September 10. The organi...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one American dollar is 145 rupees 27 paisa and the selling rate is 145 rupees 87 paisa. Simi...
Muglin -Malekhu road upgradation work started
Kathmandu. The work of upgrading the Muglin-Malekhu road, which was only a normal work due to the rainy season, has started gaining intensity. After June, the road upgrading work slowed down. After the rain stopped and the festival was over, the w...
Normal point increase in NEPSE, turnover fell to 3.42 billion
Kathmandu. On the third trading day of the week, the NEPSE index increased by 3.27 points to 2584.49. During the day, 7668 thousand 915 shares of 328 companies were bought and sold. Today, while the share price of 134 companies increased, the shar...
National Life earned a profit of 148 million rupees in the first quarter, insurance fund close to 1 billion
Kathmandu. National Life Insurance Company Limited has earned a net profit of Rs 148 million in the first quarter of the current financial year. The company's net profit has increased by 1.81 percent compared to Rs. 13...


