The Nepal Securities Board has allowed two companies for Initial Public Offering (IPO). The board has allowed ousting to Om Megashree Pharmaceuticals Constrained, Kathmandu, and Crest Micro Life Insurance Company. 

The board issued a take note on Thursday and made it open that authorization had been allowed. Om Megashree is the first pharmaceutical company in Nepal to get IPO approval.

Om Megashree has gotten authorization from the Securities Board of Nepal (SEBON) to issue 1.8 million offers. 

According to this, the company is going to issue offers worth 180 million rupees. Prabhu Capital has been given as the share deal manager of the company.

Crest Micro Life has been given consent by the board for an IPO issue of 30 percent of the issued capital. The issued capital of the company is 750 million rupees.

With authorization from the board, the company is going to issue 2.25 million offers of standard offers worth 225 million rupees, which will be 30 percent of its issued capital, to the common open at the rate of 100 rupees per share.

source : risingnepaldaily.