Market Watch
11 IPOs in pipelines
Published by Octron on September 3, 2010
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KATHMANDU: In the current fiscal year, IPOs of 11 companies are in the pipeline including that of one life insurance company, three finance companies and five development banks besides two above construction companies. If all these IPOs are conducted, capital worth Rs 198.2 million will be raised from the market.
In the fiscal year 2009-10, the IPOs and further issuance of ordinary shares worth more than Rs 3.1 billion were approved of 37 companies. Majority of them being development banks. At present there are 179 listed companies, among which 147 companies are banking and insurance. There are 24 listed commercial banks, 62 finance companies and 42 development banks whose shares are traded in the secondary market –Nepse. It appears that Nepali financial system has initiated the transition towards market-oriented system from bank-dominated one.
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Source: THT
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