Reliance Spinning Mills is under investigation for its IPO as lawmakers raise concerns about its finances. In a recent parliamentary meeting, a member of parliament Dipak Khadka from the Nepali Congress asked why the company is permitted to issue shares at premium prices when other initial public offerings (IPOs) are being put on hold. The… Continue reading Reliance Spinning Mills Faces Inquiry for Allegedly Changing Finances to Raise IPO Price
Category: IPO News
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SEBON Suspends Reliance Spinning Mills IPO Temporarily
The IPO issuance of Reliance Spinning Mills for Nepali citizens working abroad, scheduled from Ashar 27 to Shrawan 10, has been suspended by SEBON today, on Ashar 26. The Public Accounts Committee sent a letter asking for information about the company’s share issuance within seven days because Reliance Spinning Mills has been accused of submitting… Continue reading SEBON Suspends Reliance Spinning Mills IPO Temporarily
Reliance Spinning Mills Announces IPO Date for Foreign Nepalese Immigrants
Reliance Spinning Mills had decided to issue 10.14% of its stock, equivalent to 1.90 Arba rupees, or 19,26,600 shares. Out of 19,26,600 shares, 40% (7,70,640 shares) have already been issued to Qualified Institutional Investors (QIIs) through the book-building process from Magh 10 to Magh 14, 2080, with allotment taking place on Magh 15. The remaining… Continue reading Reliance Spinning Mills Announces IPO Date for Foreign Nepalese Immigrants
Bhugarbha Cement Limited IPO Coming Soon with Nabil Investment Banking as Manager
A few months ago, on Jestha 25, 2081, Bhugarbha Cement Limited held a Special General Meeting (SGM) at its office in Naxal, Kathmandu, with the main agenda to discuss the launch of its IPO. As of the meeting, Bhugarbha Cement Limited is preparing to issue 20% of its shares to the public, including those in… Continue reading Bhugarbha Cement Limited IPO Coming Soon with Nabil Investment Banking as Manager
SEBON Approves Reliance Spinning Mills IPO For General Public: Key Details
The Securities Exchange Board of Nepal (SEBON) has approved Reliance Spinning Mills Limited’s request to launch an Initial Public Offering (IPO) to the general public. The IPO will be launched via the book-building method. The company will issue 1,155,960 shares to the general public at a 10% discount. A minimum of 50 units is required to… Continue reading SEBON Approves Reliance Spinning Mills IPO For General Public: Key Details
Aadar Multi Investment Company to launch IPO with Muktinath Capital as Issue Manager
Aadar Multi Investment Company Limited is set to launch an IPO of ordinary shares with Muktinath Capital as the issue manager. The agreement was signed on Ashadh 2, 2081, by Chairman Mr. Yagya Murti Neupane and CEO Mr. Kabindra Dhoj Joshi. Aspect Details Company Name Aadar Multi Investment Company Limited IPO Issue Manager Muktinath Capital… Continue reading Aadar Multi Investment Company to launch IPO with Muktinath Capital as Issue Manager
1st AGM Announcement for United Mewa Khola Hydropower To Issue IPO
Detail Data Company Name United Mewa Khola Hydropower Limited (UMHPL) AGM Date 6th Ashad, 2081 AGM Location Company’s Register Office, Dillibazar, Kathmandu AGM Start Time 11:00 AM Rating Assigned by CARE Ratings Nepal CARE-NP BB (Double B) Incorporation Date June 1, 2010 Project 50 MW Mewa Khola Hydroelectric Project (MKHP) Project Location Taplejung district Project… Continue reading 1st AGM Announcement for United Mewa Khola Hydropower To Issue IPO
Vision Energy and Power Limited Announces SGM for Capital Increase and IPO
Vision Energy and Power Limited (VEPPL) has scheduled its Special General Meeting (SGM), on below given date, time, and platform: Date: 32nd Jestha, 2081 Mode: Virtual via Zoom Time: 3:00 PM Vision Energy and Power Limited Announce SGM with the following Key Agendas: Agenda Details Increase in Authorized and Issued Capital Proposal to raise the… Continue reading Vision Energy and Power Limited Announces SGM for Capital Increase and IPO
Nepal Solar Farm to Issue 12 Lakh Public Shares with Global IME Capital as Manager
Nepal Solar Farm Limited has appointed Global IME Capital Limited as the issuing and selling manager for its upcoming public issue of 12 lakh ordinary shares, each with a face value of Rs. 100, totaling Rs. 12 crore. The agreement between the two entities was signed at a special program held at the registered office… Continue reading Nepal Solar Farm to Issue 12 Lakh Public Shares with Global IME Capital as Manager
Business Interest Group to Launch IPO with Kumari Capital as Manager
Business Interest Group of Industries Limited is making a significant move by appointing Kumari Capital Limited as the securities issue and sales manager to release 4.5 million ordinary shares to the public. This bold step is part of a broader strategy to improve their market presence and drive growth across various sectors, particularly agriculture. Overview… Continue reading Business Interest Group to Launch IPO with Kumari Capital as Manager