Nepal Securities Board (NSB) has given permission to two companies to issue IPO. The board has given permission to CYC Nepal Microfinance Financial Institution and River Falls Power Limited to issue IPO.
Microfinance has received permission from the board to issue 3,95,336 shares worth Rs 39.53 million.At present, the paid up capital of microfinance is Rs. 881.8 million.
After the issue of 32.50 percent of the issued capital by microfinance, the paid up capital will reach Rs. 121.6 million. Global IME Capital is managing the share issue and sale of microfinance.
Similarly, River Falls Power has also received permission to issue 34.30 million shares worth Rs. 343 million. The company will issue equivalent shares to the project-affected locals and the general public. At present, the paid up capital of the company is Rs. 357 million.
The paid up capital of the company will reach Rs. 700 million after the issuance of IPO equal to Rs. 343 million. Prabhu Capital Limited is the manager of the share issue and sale of the company.