IPO Proposal of Asian Batteries Added to SEBON's Pipeline
Summary
Asian Batteries Limited has proposed an IPO to issue 13 lakh shares at Rs. 100 each, aiming to raise Rs. 13 crore. Himalayan Capital Limited is managing the issue, pending SEBON approval.
Key Points
- Asian Batteries Limited submitted an IPO proposal to issue 13 lakh shares at Rs. 100 par value each.
- The IPO aims to generate Rs. 13 crore for Asian Batteries.
- Himalayan Capital Limited has been appointed as the issue manager for the IPO.
- CARE Ratings Nepal Limited assigned a ‘CARE-NP BB (Is)’ issuer rating to Asian Batteries Limited, indicating moderate financial risk.
