IPO Proposal of SY Panel Nepal Limited Approved by SEBON
Summary
SEBON approved SY Panel Nepal Limited's IPO proposal to issue 5,232,548 shares to the public at Rs. 100 each, appointing Prabhu Capital Limited as issue manager.
Key Points
- SEBON approved the IPO proposal of SY Panel Nepal Limited on 17th Bhadra, 2082.
- SY Panel Nepal Limited will issue 5,232,548 shares, representing 40% of total issued capital, at Rs. 100 par value.
- Prabhu Capital Limited has been appointed as the issue manager for the IPO.
- ICRA Nepal reaffirmed SY Panel Nepal Limited's issuer rating at BB, indicating moderate default risk.
