SEBON Resumes IPO Approval Process After Two Months; Solu Hydropower Receives Green Light

The Securities Board of Nepal (SEBON) has resumed the approval process for Initial Public Offerings (IPOs) after nearly two months of suspension. The process had been halted due to an employee protest, but with SEBON’s operations back to normal, companies that were waiting in the IPO pipeline can now move forward.

SEBON has granted approval to Solu Hydropower Limited to issue its IPO. The company has been authorized to publish its prospectus and proceed with the public offering.

According to SEBON, the company will issue 2 million shares at a par value of Rs. 100 per share.

The issue managers for Solu Hydropower Limited are Nabil Investment Banking Limited and Himalayan Capital Limited.

Officials from SEBON stated that the approval process for other companies, which had been delayed due to the protest, will also gradually resume. This move is expected to bring relief to several companies that had been waiting for months to launch their IPOs.