--By TC Correspondent

 

Within few months some companies are set to add their shares of 100 million units worth Rs 10.52 billion in the share market. 43 companies from different sectors have already submitted application for share issuance in Securities Board of Nepal (SEBON). According to a SEBON source, the companies will issue their shares only after the approval from the stock market regulator. 

 

Among them 66.12 million are right shares whereas and 39 million units are to be allotted fromInitial Public offering (IPO) of the companies. The total number of listed shares in NEPSE till the end of September of the current fiscal year is around 1.37 billion. The shares have increased by 2.33 per cent than the previous fiscal year,according to NEPSE. The applicants of IPO include 14 companies among which  one is commercial bank, four are development banks, three are hydro power companies, two are finance companies and four others are from other industries. Similarly 29 companies are issuing right share which include two hydro power companies, six insurance companies, eight development banks, eleven development banks and two others from other sectors.