By stopping all the IPOs in the Pipeline, the Securities Board, Chairman Hamal in an Attempt to Come True After Being Defamed.
Kathmandu : Nepal Securities Board has never been so much tainted and controversial in history. Due to loss-making companies being allowed to issue IPOs and IPOs at a premium price, the controversial decision to re-open FPOs that have been suspended in the Nepali banking sector, etc. All-round attack, after the clarification of the Audit Committee, the Nepal Securities Board has prepared to stop the premium price IPOs and all other IPOs in the pipeline.
Nepal Securities Board Spokesperson Mukti Shrestha confirmed that premium price IPOs of companies that have received permission will be issued and all types of IPOs and FPOs in the pipeline have been stopped for review.
According to the board, Himalayan Re, Muktinath Agricultural Company, Nepal Ware House Company, which have received permission, will issue the IPO. Similarly, book building of the best cement will also issue. Apart from this, the IPO process of other pipeline companies has been stopped for the time being, the board said.
A board source said, “There have been many disputes, problems have also been seen. Now we will take further decisions only after reviewing the companies in the pipeline.”
High officials argue that the board has done this to avoid investors cursing the securities board due to the high supply of shares in the market. However, this is not the only reason.
The clarification asked by the Audit Committee yesterday, the news coming in the media and the last time bribery was allowed to issue the IPO at a premium price, after it fell below the premium price in three days, not only SEBON but also SEBON’s chairman Ramesh Hamal’s performance has raised serious ethical questions.
High officials argue that the board has done this to avoid investors cursing the securities board due to the high supply of shares in the market. However, this is not the only reason.
The clarification asked by the Audit Committee yesterday, the news coming in the media and the last time bribery was allowed to issue the IPO at a premium price, after it fell below the premium price in three days, not only SEBON but also SEBON ‘s chairman Ramesh Hamal’s performance has raised serious ethical questions.