80 companies have applied for Initial Public Offering (IPO) in Nepal Securities Board. The number of companies has reached this level after not issuing new permits for almost a year. Those companies have prepared an IPO worth 49.48 billion rupees.

Those companies have already applied to the regulatory body Securities Board for IPO permission. But as the chairman has not been appointed, the Nepal Securities Board has not given permission to other companies except one. But only last week, the board has given IPO permission to Guardian Microinsurance Company.

The company that has applied will issue shares after getting permission from the board. There is a legal provision that shares must be issued within two months of receiving permission from the Securities Board. Two weeks ago, the government appointed Santosh Narayan Shrestha as the chairman of the Nepal Securities Board, which was vacant.

Nepal Securities Board spokesperson Niranjay Ghimire said that after Shrestha took charge, the relevant departments and divisions have been instructed to proceed with the company's files which are in process. "Since the instructions have been given to advance the process, now the permission process for IPO and other issuances will also proceed gradually," he said. In a period of about a year since the

, five companies have received permission to issue rights shares and one IPO. According to the board, a total IPO worth 49 billion 483 million 49 thousand five hundred and 96 rupees is in the process.

80 companies from different sectors are going to issue 349 million one thousand 80 shares (IPO) to the general public. According to this, seven companies in the hotel and tourism sector have applied for the issuance of IPO of 353 million 60 thousand shares worth 3 billion 311 million rupees. 

40 hydropower projects have applied to the board to issue shares equal to 16 billion 36 million five thousand four hundred sixty-four shares worth a total of 16 billion 413 million 79 thousand four hundred rupees. Three companies under the investment group have two billion 84 million 33 One crore 56 lakh 73 thousand five hundred shares worth Rs.

During the same period, 15 companies in production and processing are in the process of issuing 90 million 16 lakh 75 thousand 684 shares worth 22 billion 680 million 47 lakh 76 thousand six hundred and ninety six rupees.

According to the Securities Board, the maximum number of 40 companies have applied to the board for IPO issuance. Sanima Hydropower, Himstar Energy Company, Bhujung Hydropower, Daramkhola Hydro Energy, Sanvi Energy, Beni Hydropower and other companies are in the process of IPO issue.

Yamling Hydropower, Mabilung Hydropower, Solu Hydropower, Taksar Pikhuwa Khola Hydropower, Bikas Hydropower Company, Kalinchok Hydropower and other companies have applied for IPO. Seven companies under the

hotel and tourism group are in the process of IPO. Apex Hospitality, Hotel Forest Inn, Arcade Holdings, Annapurna Cable Car, Bandipur Cable Car & Tourism, Akama Hotel, Thamel Plaza Hotel & Suites are in the process of IPO issuance in this group. As for the investment group, Varun Investments, Sid Energy and Shivam Holdings have prepared for IPO. 

Manufacturing and processing group has 15 companies under IPO process. Accord Pharmaceuticals, SY Panel Nepal, Surya Cement Industries, Maruti Cements, Smart Doors, Palpa Cement Industries, Om Megashree Pharmaceuticals and other companies have also applied to the board for IPO. 

Lakshmi Technoplast, Shree Distillery, Sopan Pharmaceuticals, Bhugarb Cement, Riddhisiddhi Cement, Sagar Distillery and Ambe Steels are preparing to float IP, according to the Securities Board. Has applied to the board for the IPO issuance of Swastik Lagufitta financial institution towards the microfinance group. 

Crest Microlife Insurance, Nepal Micro Insurance Company, Protective Micro Insurance and Star Micro Insurance Company have submitted an application to the board to issue an IPO in the field of micro insurance. 

10 other group companies are in the IPO pipeline. Trade Tower, Kantipur Television Network, Dis Media Network, IME, Hospital for Advanced Medicine and Surgery Surgery (Hams Hospital), Peer Energy, Nepal Broadcasting Channel, Kailash Helicopter Service, Chhayadevi Complex and Business Interest Group of Industries are in the process for IPO.

According to the Securities Board, 6 companies that have previously issued and listed IPOs have applied to the board for issuance of additional securities (FPO) to increase their capital.