Kathmandu, May 16
The Securities Board of Nepal (SEBON) has allowed
additional five companies to work as institutional investors in the public
offerings made through book building method.
It has given approval to CBIL Capital Limited,
Citizens Mutual Fund 1 and 2, NRN Infrastructure and Development Limited, and
Kumari Equity Fund on Sunday.
With this, the total number of companies that can
participate in book building has reached 88.
Institutional investors like fund managers offer
their bid for the quantity of shares and the price they would pay for them and
help the underwriter to build a book for the IPO in book building.
"The board has given approval to these new five
investors according to its policy to increase the institutional investors in
the book building method," said the SEBON in a statement.
Earlier on April 16, the SEBON had given approval to
nine companies: Siddartha Insurance, Jaya Ganesh Investment Company, ICFC
Finance, J-Nex Investment, Muktinath Bikas Bank, Pokharar Finance Limited,
Swabhiman Laghubitta Bittiya Sanstha, Shree Investment and Finance, and Nepal
Bank Limited.
Published in The Rising Nepal daily on 17 May 2021.
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