If you don’t want to invest in the share now, I don’t know when you will.
More than one and half dozen companies are filing for IPO/FPO. These companies are now on their way to submitting the application to SEBON. As soon as the board approves their application, the share market will incline like never before.
The company which are waiting for the approval has got 14 hydropower, 1 commercial bank, 2 microfinance and 1 life insurance. Most of them are trying to issue IPO and some are there for their FPO. (Well prepare for the enormous figure) These companies are filing for the massive amount of Rs.3 araba 41 crore 33 lakhs (equivalent to Rs.3.4 billions) which converts to 4 crore 2 lakhs 88 thousand 7 hundred 63 shares.
Till now there are 15 hydropowers listed in NEPSE but after the issue of this IPO the hydropower companies will be more than 30, this year. Comparing to last year’s investment this year hydropower only got 3.5% of it. So if the IPO happens the investment will also double this year. According to law 10% of the IPO from hydropower goes to local residents.
The companies awaiting for the go-ahead are
AankhuKhola Hydropower, Gargung valley Hydropower, Joshi Hydropower Development Company, Laughing Buddha Power Nepal, Unique Highdel Company, Kalika Power Company, Union Hydropower, PanchyaKanya Mai Hydropower and Suvam Power Company are issuing for the local residents (bummer).
And the companies like Ridi Bidut Company and CEDB Hydro are issuing IPO for general people. Butwal Power Company are filing for the FPO. Likewise the NMB Bank and Premium Insurance are also applying for FPO.
The other companies waiting for the IPO approval are Lagubitta Bittiya Sansthan and Unnati Microfinance Bittiya Sanstan.
I think we all know that unless the board (SEBON) consents them there won’t be any IPOs in the market so for now we keep our money ready and pray for the IPO