Hundreds of companies in SEBON pipeline for IPOs worth nearly 70 billion

A large number of companies are currently awaiting approval from the Securities Board of Nepal (Securities Board of Nepal) to launch Initial Public Offerings (IPOs).

According to the latest data from SEBON, dozens of new applications have recently been added to the pipeline after several companies from different sectors submitted requests for approval to issue primary shares. Altogether, 104 companies with hundreds of millions of shares are now under review, with a total value of NRs 69.31 billion.

The applications cover a wide range of industries, including hydropower, manufacturing and processing, hotel and tourism, investment companies, micro-insurance firms, and other sectors.

Recent additions include companies from both the hydropower and manufacturing sectors, further increasing the volume of pending applications.

From the hydropower sector, Super Hewa Power Company Limited has applied to issue 1.925 million shares, while Raghuganga Hydropower Limited has sought approval for 15 million shares. Similarly, Siuri Nyadi Power Limited has applied for 30 million shares (for local and general public) while Mewa Developers has applied for 11 million shares.

Manufacturing and agro-based firms expand presence

In the manufacturing and processing segment, Annapurna Fish Feed Industry has proposed issuing over one million shares through Laxmi Sunrise Capital Limited.

Other applicants include Yuwarani Agro Industries, NC Agro Tech Industries, K.B. Agro and Research Company, Daunne Agro Farm, Premier Distillery and Shree Distillery. 

Strong growth in manufacturing IPO interest

A significant number of manufacturing and processing companies have also applied for IPO approval, indicating rising participation from Nepal’s real sector in the capital market.

Major applicants include Hulas Iron, Riddhi Siddhi Cement, Hulas Infra, Jagdamba Steels, Shourya Cement, Maruti Cement, Bhagwati Steels, and Ambe Steels.

Collectively, these firms are seeking approval to issue over 166.4 million shares worth more than NRs 35.35 billion, with several planning premium-priced IPOs ranging from NRs 233 to NRs 426 per share.

Market outlook

Analysts say the increasing participation of manufacturing and industrial companies could help diversify Nepal’s capital market, which has long been dominated by banks and hydropower firms. Experts also suggest that companies with consistent dividend records may attract stronger investor interest.

All applications are currently under preliminary review by SEBON, and companies will only be allowed to proceed with IPO issuance after receiving final approval.