89 companies are waiting for the 'green signal' from the board to launch the IPO.

The queue of companies seeking permission to issue IPO (ordinary shares) at the Securities Board of Nepal (SEBON) has been extended. According to the latest data, currently 89 companies are in the pipeline and are waiting for the board's 'green signal'. Looking at the companies in the pipeline on a sectoral basis, the dominance of the hydropower sector is seen. Currently, 31 of the total 89 companies awaiting permission are hydropower companies. Similarly, 24 companies from microfinance and processing group, 14 from hotel and tourism, 13 from other groups, 4 from investment group and 3 from micro insurance are preparing for IPO issue.

According to the details submitted to the board, 31 hydropower companies in the pipeline have applied for the issuance of a total of 147.3 million 91 thousand shares. Its total market value is around 15 billion 14 billion rupees. Large-scale IPOs have started coming from the hydropower sector. Among these, Siuri Nyadi Power Limited has submitted the largest size proposal. The company has sought permission to issue more than 33,600,000 shares at a face value of 100 rupees, the total value of which will be more than 3 billion rupees.

Similarly, United Mewa Khola Hydropower has applied for the issue of 12.3 million shares worth Rs. 1.23 billion and Mewa Developers Limited has applied for the issue of 1.2 million shares worth Rs. 1.12 billion. In addition, Vision Energy and Power has sought permission from the Securities Board with a proposal to issue 8.3 lakh shares and Electro Power Company about 8.125 thousand shares. Once the process of approval from the regulator is completed, the way for these companies to issue shares in the market will open.