Emerging Nepal Limited is going to open IPO issue and sale from January 10. The company is about to issue 555,600 IPOs worth Rs 55.56 million.
Out of the total 555,000 shares to be issued by the company, 2 percent or 11,112 shares have been secured for the employees and 5 percent or 27,780 shares for the collective investment funds. The general public will be able to apply for the remaining 516,708 shares.
Applications for the IPO can be submitted as early as March 1 and as late as March 25. Applicants can apply for a minimum of 10 lots to 1000 lots.
The IPO issue and sale manager is NIC Asia Capital Limited. Applicants can apply through C-ASBA member banks and financial institutions and my shares.
Nepal has given ICRA NP IR Double B Plus rating to the company’s IPO. This indicates that there is a moderate risk in fulfilling financial obligations on time.
At present, the company’s paid-up capital is Rs. 504 million. The company’s paid-up capital will reach Rs 555.6 million after the IPO.The regulatory body Nepal Securities Board (SEBON) has given approval to the company to issue IPO on January 25.
How To Check IPO Result Of Emerging Nepal Limited
Step 1: Download the Nepse Bajar app to see the results.
Step 2: Click here to download the app.
Step 3: Open the app and select the option called IPO RESULTS.
Step 4: Choose your demat number loss company.
Step 5: Then you will be able to see your results.
Name : Emerging Nepal Limited
Sector : Investment
Share Quantity : 5,55,600
Share Amount : 5,55,60,000
Applied Date : 2019-06-06
SEBON Date : 2019-08-01
IPO Opening Date : 2078 Magh 26
IPO Close Date Earlier : Falgun 1
IPO Close Date Late : 2078 Falgun 11
Minimum Quantity To Apply : 10 Kitta
Maximum Quantity To Apply : 5000 Kitta
Price Per Share : NRS 100
About Emerging Nepal Limited IPO
Symbol : EMERGING
Name :Emerging Nepal Limited
Sector : Investment
EPS : 2.32
Net worth per Share : Rs 105.11
About Emerging Nepal Limited CEO : Shikhar Bhattarai
Shikhar has been leading Emerging Nepal Ltd. as the CEO since October 2021.
Prior to Emerging Nepal, Shikhar ran Boston based FDI Analytics LLC as the Founder/Managing Director. At FDI Analytics, Shikhar worked with global locations to attract foreign direct investment (FDI). In this capacity, Shikhar worked with locations such as the Greater Boston Area, the borough of Brooklyn, NY, the Greater Zurich Area as well as the country of Nepal among others.
Shikhar also spearheaded creation of the FDI Analytics Portal – a centralized portal that tracks cross-border investments across the globe. Shikhar also worked with private sector clients at FDI Analytics and The Udaya Group Pvt. Ltd. which included a Private Equity firm, a Cybersecurity firm, a Non-Profit firm, a Marketing firm, online betting firm and healthcare firm among others.