SEBON Grants Regulatory Approval to Aashutosh Energy Limited for IPO: 12 Lakhs for Local & General Public
Summary
SEBON has approved Aashutosh Energy Limited’s IPO, allowing the company to issue 12 lakh ordinary shares to local residents and the general public. NMB Capital Limited will manage the offering, which represents 20% of the company’s issued capital.
Key Points
- SEBON has approved the initial public offering of Aashutosh Energy Limited.
- The company will issue 1.2 million ordinary shares at a face value of NPR 100 each, worth NPR 120 million in total.
- The IPO covers 20% of the company’s issued capital, while the promoter group will retain 80%.
- NMB Capital Limited has been appointed as the issue manager for the offering.
