SEBON Adds Another IPO Shares of Two Investment Companies to It's Pipeline
Summary
SEBON has added the IPO proposals of Nexgen Management and Equity Solutions Limited and Baidik Investment Company Limited to its pipeline. The two companies plan to raise Rs. 12.50 crore and Rs. 28.35 crore respectively through public share offerings.
Key Points
- Nexgen Management and Equity Solutions Limited has proposed issuing 12,50,000 shares at Rs. 100 each, raising Rs. 12.50 crore.
- Baidik Investment Company Limited plans to issue 28,35,000 shares at Rs. 100 each, which would raise Rs. 28.35 crore.
- Laxmi Sunrise Capital Limited and Muktinath Capital Limited have been appointed as issue managers for the respective IPOs.
- CARE Ratings Nepal has given both companies a ‘CARE-NP BB’ issuer rating, indicating moderate default risk.
