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Ashutosh Energy Receives SEBON Approval to Issue 1.2 Million IPO Shares

The Securities Board of Nepal (SEBON) has approved Ashutosh Energy Limited to issue 1.2 million ordinary shares at a face value of Rs. 100 per share, paving the way for the company's initial public offering (IPO).

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Ashutosh Energy Receives SEBON Approval to Issue 1.2 Million IPO Shares

The Securities Board of Nepal (SEBON) has granted approval to Ashutosh Energy Limited to proceed with its Initial Public Offering (IPO). On Kartik 20, the securities regulator permitted the company to publish its prospectus for the issuance of 1.2 million ordinary shares at a face value of Rs. 100 per share. The approval marks a significant step forward in the company's IPO process. NMB Capital Limited has been appointed as the issue and sales manager for the offering. Following the regulatory approval, the company is expected to move ahead with the share issuance process through its appointed issue manager. The IPO will initially target residents of the project-affected areas, followed by the general public.

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