NEPSE and Five Companies Sign Agreement for Share Issuance via Book Building Method
Summary
Nepal Stock Exchange (NEPSE) has agreed with five companies to issue shares through the book building method, enhancing market-driven price discovery and investor confidence.
Key Points
- Nepal Stock Exchange (NEPSE) signed an agreement with five companies for issuing shares through the Book Building Process.
- The participating companies are Norvic International Hospital and Medical College Limited, Jagdamba Spinning Mills Limited, Time Pharmaceutical Limited, Laxmi Steel Ltd., and Purbanchal Lube Oil Limited.
- Qualified Institutional Investors (QIIs) will apply for 5,451,080 units of shares across these companies.
- The book building method aims to improve transparency, efficiency, and align Nepal's capital market with international practices.
