November 26:  Securities Board of Nepal (Sebon), the regulatory body of capital market in Nepal, has approved companies to issue shares worth Rs 13 billion in the current fiscal year.

The capital market regulator has approved three different companies to issue further public offering (FPO) and one company for initial public offering (IPO).

Likewise, it has also approved 20 companies to issue rights share, and two companies for mutual fund. According to the official website of Sebon, it has approved companies to distribute rights share worth Rs 10.39 billion, IPO worth Rs 204 million, FPO worth Rs 97 million, and mutual fund worth Rs 2.40 billion.

Among the three companies getting approval from Sebon to issue IPO, Radhi Bidyut Company and Panchakanya Mai Hydropower Limited are yet to issue IPO while  Support Microfinance has already started selling IPO. Likewise, Nepal Grameen Bikas Bank Limited, the only company to get approval to issue FPO, has issued a total of 97.5 million units of shares at the price of IPO.

Similarly, among the companies getting approval to issue rights share, seven of them are yet to issue shares.