4 Companies Apply for IPO Approval at SEBON Nepal: Makrigad Hydropower, Kalinchowk Investment, Indreni Mushroom Farm & Madhyapur Hospital. Check Upcoming IPO Shares. The Securities Board of Nepal (SEBON) has received Initial Public Offering (IPO) applications from four new companies, according to information recently published on the regulator’s official website.
The four companies — Makrigad Hydropower Limited, Kalinchowk Investment Company, Indreni Mushroom Farm Limited, and Madhyapur Hospital Limited — submitted their applications within the month of Shrawan (mid-July to mid-August), although SEBON disclosed the details only recently.
All four companies are seeking approval to issue their IPO shares at the standard face value of Rs 100 per share.
This development comes at a time when SEBON has not approved a single IPO issuance since Baisakh 2 (mid-April) of the current fiscal year, as the regulator focuses on reforming primary market policies before resuming the IPO approval process.
Upcoming IPO Application Details at a Glance
| Company Name | IPO Units Applied For | Application Date | Issue Manager |
|---|---|---|---|
| Makrigad Hydropower Ltd. | 22,27,500 units | Shrawan 22 | Sanima Capital |
| Indreni Mushroom Farm Ltd. | 8,75,000 units | Shrawan 22 | Muktinath Capital |
| Madhyapur Hospital Ltd. | 28,00,000 units | Shrawan 22 | Muktinath Capital |
| Kalinchowk Investment Company | 24,00,000 units | Shrawan 29 | Nabil Investment Banking |
Note: All IPOs are proposed at a face value of Rs 100 per unit. NRS 4000 Needed to apply for this four company IPO
Company-Wise Breakdown
1. Makrigad Hydropower Limited
Makrigad Hydropower has applied to issue 22,27,500 units of IPO shares. The company filed its application on Shrawan 22, with Sanima Capital serving as the issue manager responsible for managing the share sale.
2. Indreni Mushroom Farm Limited
Indreni Mushroom Farm, also filing on Shrawan 22, has sought permission to issue 8,75,000 units of IPO shares. Muktinath Capital is the designated issue manager for this offering.
3. Madhyapur Hospital Limited
Madhyapur Hospital, another company that applied on Shrawan 22, is planning to issue 28,00,000 units of IPO shares — the largest offering among the four. This IPO is also being managed by Muktinath Capital.
4. Kalinchowk Investment Company
Kalinchowk Investment Company submitted its application later, on Shrawan 29, seeking approval to issue 24,00,000 units. The issue manager for this IPO is Nabil Investment Banking.
Why This Matters: SEBON’s IPO Approval Freeze
A key context behind this news is that SEBON has not approved any company’s IPO issuance since Baisakh 2. The board has prioritized reforms to Nepal’s primary share market and has indicated that it will resume the IPO approval process only after implementing policy-level reforms.
This means that while these four companies have formally submitted their applications, their IPOs may not be approved immediately — investors and stakeholders will need to watch for SEBON’s policy reform announcements before these offerings move forward.
Key Takeaways
- 4 new companies have applied for IPO approval at SEBON: Makrigad Hydropower, Indreni Mushroom Farm, Madhyapur Hospital, and Kalinchowk Investment Company.
- All applications propose issuing shares at Rs 100 face value.
- Madhyapur Hospital’s application, at 28 lakh units, is the largest of the four.
- Sanima Capital, Muktinath Capital, and Nabil Investment Banking are serving as issue managers across these offerings.
- SEBON has paused new IPO approvals since Baisakh 2, pending primary market policy reforms.
