SEBON Approves IPO of Prabhu Life Insurance

Nov 27, 2020 03:32 PM Merolagani



Securities Board of Nepal (SEBON) has approved initial public offering (IPO) of Prabhu Life Insurance (PLIL) on November 26.

The company obtained approval to issue 6 million units of shares worth Rs 600 million. The existing paid-up capital of the company will increase to Rs 2 billion after the IPO.

ICRA Nepal has assigned Grade 4 rating to the issue indicating below average fundamentals.

The company has appointed Siddhartha Capital as its issue manager.




Gold Price Declines; Silver Gains

Jul 11, 2025 11:17 AM

The gold price has declined while the silver price has gained on July 11.