Himalayan Re-insurance and Sanvi Energy Seek IPO Approval

Sep 17, 2023 01:25 PM Merolagani

Himalayan Re-insurance and Sanvi Energy have sought approval from Securities Board of Nepal (SEBON) to issue initial public offering (IPO).

Himalayan Re-Insurance is planning to issue 30 million units of primary shares at Rs 208 including face value of Rs 100 and premium of Rs 108 per unit. The company has appointed NMB Capital as issue manager.

Similarly, Sanvi Energy is planning to issue 3,790,000 units of shares at Rs 100 per unit. Nepal SBI Merchant Banking has been appointed as Issue Manager by the company.

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