Today is the Last Day to Apply for SY Panel Nepal’s IPO

SY Panel Nepal Limited’s Initial Public Offering (IPO) for Nepalis working abroad, which opened on Ashoj 7, is closing today (Ashoj 10). The company had received approval to issue 40% of its paid-up capital of NPR 1.3089 billion, equivalent to 5,232,548 ordinary shares.

Out of this, 10% (497,092 shares) have been allocated specifically for Nepali migrant workers. Applicants can apply for a minimum of 10 shares and up to a maximum of 50,000 shares.

ICRA Nepal has assigned the company a rating of ICRANP Issuer Rating Double B, indicating a moderate level of credit risk. The issue and sales manager for this IPO is Prabhu Capital Limited. Nepalis working abroad can apply through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON).