The latest data from SEBON’s Regulation Department for the current fiscal year 2082/83 highlights that the hydropower sector is heavily dominating these fundraising initiatives.
Pipeline Breakdown: Preliminary Review Phase
Out of the total applicants, 23 companies are currently in the preliminary review stage, looking to issue 239,123,721 units of shares to raise Rs 23.91 billion.
The breakdown across various sectors includes:
- Companies in the Preliminary Review Stage
|
Sector
|
Company Name
|
Proposed Issue Amount
|
Additional Details
|
|
Hydropower
|
Peoples Hydropower
|
Rs 3.20 billion
|
10.95 million units at a 1:1 ratio
|
|
Hydropower
|
Modi Energy
|
Rs 2.61 billion
|
—
|
|
Hydropower
|
Arun Kabeli Power Ltd
|
Rs 1.94 billion
|
1,979,711 units at a 2:1 ratio
|
|
Hydropower
|
Sagarmatha Hydropower Company
|
Rs 1.77 billion
|
—
|
|
Hydropower
|
Radhi Power Company
|
Rs 1.28 billion
|
—
|
|
Hydropower
|
Himalayan Hydropower
|
Rs 1.09 billion
|
—
|
|
Hydropower
|
Panchthar Power Company
|
Rs 962.00 million
|
—
|
|
Hydropower
|
Dolti Power Company
|
Rs 515.08 million
|
—
|
|
Hydropower
|
Bhugol Energy Development Company
|
Rs 482.30 million
|
—
|
|
Hydropower
|
Mandakini Hydropower
|
Rs 429.44 million
|
—
|
|
Hydropower
|
Maikhola Hydropower Company
|
Rs 392.00 million
|
—
|
|
Hydropower
|
Barahi Hydropower Public Limited
|
Rs 250.00 million
|
—
|
|
Hydropower
|
Sayapatri Hydropower
|
Rs 222.05 million
|
—
|
|
Production & Processing
|
Ghorahi Cement Industry Limited
|
Rs 3.76 billion
|
—
|
|
Production & Processing
|
Nepal Lube Oil
|
Rs 145.72 million
|
—
|
|
Investment & Infrastructure
|
NRN Infrastructure and Development Limited
|
Rs 1.79 billion
|
—
|
|
Investment & Infrastructure
|
CEDB Holdings Limited
|
Rs 563.65 million
|
—
|
|
Hotels & Tourism
|
Kalinchowk Darshan Limited
|
Rs 630.00 million
|
—
|
|
Hotels & Tourism
|
Oriental Hotels Limited
|
Rs 315.50 million
|
—
|
|
Others
|
Nepal Warehousing Company
|
Rs 687.50 million
|
—
|
|
Others
|
Muktinath Agriculture Company
|
Rs 453.60 million
|
—
|
- Companies in Advanced Review & Query Stages
|
Sector
|
Company Name
|
Proposed Issue Amount
|
Current Regulatory Status
|
|
Non-Life Insurance
|
Prabhu Insurance Limited
|
Rs 835.13 million
|
Review phase (responses to SEBON queries submitted)
|
|
Life Insurance
|
Prabhu Mahalaxmi Life Insurance Limited
|
Rs 730.32 million
|
Advanced phase (SEBON reviewed and sent official comments)
|
Recent Approvals Granted
Prior to the recent leadership vacancy slowdown, 7 companies successfully secured final approval from SEBON by March 8 of the current fiscal year, raising a combined Rs 4.94 billion.
|
Company Name
|
Issue Amount
|
Designated Issue Manager
|
|
Shivashree Hydropower Limited
|
Rs 1.47 billion
|
Citizens Capital Limited
|
|
City Hotel Limited
|
Rs 1.33 billion
|
Prabhu Capital Limited
|
|
River Falls Power Limited
|
Rs 700 million
|
Prabhu Capital Limited
|
|
Himalayan Power Partners Limited
|
Rs 532.70 million
|
Global IME Capital Limited
|
|
Buddhabhumi Nepal Hydropower Limited
|
Rs 400 million
|
NIC Asia Capital Limited
|
|
Narayani Development Bank
|
Rs 262.46 million
|
Global IME Capital Limited
|
|
United Ajod Insurance Limited
|
Rs 231.0 million
|
Laxmi Sunrise Capital Limited
|
SEBON has issued a cautionary note to the public, clarifying that a company's presence in the pipeline does not guarantee eligibility or final approval for a rights issuance. The regulator emphasized that final approvals are strictly contingent upon the thorough evaluation, transparency, and completeness of all submitted financial statements, legal documents, and prospectuses. Investors are urged to exercise due diligence.
