Hydroelectricity Investment & Development Company Limited (HIDCL) has floated its Initial Public Offering (IPO) worth Rs 2 arba (2 crore units shares) from Kartik 12, 2072. The earliest date for closure of IPO application is Kartik 19.
This IPO of HIDCL will freeze the investors’ money for at least two months from the date of closure. During these two months time frame it is almost confirmed that one IPO and one Further Public Offering (FPO) will be offered.
If we were to look at the history of IPO in Nepal, the IPO of HIDCL should close on Kartik 19 due to over subscription. If Kartik 19 will be the closing date of the HIDCL IPO, the investors can expect refund around the last week of Poush 2072 at the earliest.
Mero Microfinance Bittiya Sanstha Limited is set to offer its IPO while Shikhar Insurance Co. Ltd is ready to offer its FPO.
CEO of Mero Microfinance, Ram Hari Dahal, has said, “The IPO of Mero Microfinance will be floated within third week of Mangsir.”
Shikhar Insurance is gearing up to offer FPO. The insurance company will be floating 5,10,988 Kittas shares to the general public. The issue manager of this FPO is NIBL Capital Markets Limited.
Mr. Mekh Bahadur Thapa, General Manager of NIBL Capital Markets Limited said, “Shikhar Insurance is going issue FPO to general public at the price of Rs 650.”
The FPO is in the pipeline for approval in Securities Board of Nepal (SEBON). The FPO will be floated within 15 days after it gets approval from SEBON, Mr. Thapa added.
Ambika Prashad Giri, an officer at SEBON said, ” It will take at least 2 more weeks for the review of FPO of Shikhar Insurance to complete.”
It is highly likely that these IPO & FPO will be offered before the investors get refund from IPO of HIDCL. Thus, investors with limited cash on hand should take time to analyze the offering from HIDCL, Mero Microfinance, and Shikhar insurance to help them invest wisely.
Published on: Sharesansar(October 31, 2015)