Emerging Nepal Limited issuing IPO to the public from Magh 26
Emerging Nepal Limited will be the 6th company to be listed as an investment company in NEPSE.
| Issue Date | Magh26 |
| Total No of Shares | 5,55,600 Units |
| For Employee | 11,112 Units |
| For Mutual Fund | 27,780 Units |
| For General Public | 5,16,708 Units |
| Total Amount | Rs 5,55,60,000 |
| Sector | Investment |
| Issue Manager | NIC Asia Capital Limited |
| Rating | [ICRANP-IR] BB+ |
Out of the offered 5,55,600 units; 2% of the total offered shares to the general public i.e. 11,112 units have been set aside for the employees of the company and 5% of the total offered shares to the general public i.e. 27,780 units have been set aside for the mutual funds. The remaining 5,16,708 units are for the general public.
NIC Asia Capital Limited has been appointed as the issue manager for the IPO issuance.
Applications can be placed for a minimum of 10 units and a maximum of 5,000 units.
Application Date :- 2078-10-26 to 2078-11-01
Emerging Nepal Limited was established in August 2015 as a public-private partnership (PPP) investment company with the motive to invest in projects from diverse sectors. ENL is promoted by the renowned business groups of Nepal, with the major holding by the Vishal Group and IME Group affiliated entities and individuals (joint stake of more than 50%).
Emerging Nepal Limited will be the 6th company to be listed as an investment company in NEPSE. As such, the addition may play a crucial role in the development of the investment sector and its index. Furthermore, as an investment company, Emerging Nepal Limited may help channel investment funds from the capital market to diversified sectors of the national economy.
