Kathmandu. The Securities Board of Nepal (SEBON) has allowed Ashutosh Energy to issue its initial public offering (IPO).
Earlier in the day, the board had given permission to Kantipur Pharmaceuticals to issue an IPO. Ashutosh Energy will issue 12 lakh shares to the general group at a face value of Rs 100, which is 20 per cent of the issued shares.
The remaining 80 percent i.e. 48 lakh units of shares will be held by the promoter group. NMB Capital has been appointed as the issue and issue manager.
Leave your comment