Upcoming IPO: Emerging Nepal Limited (ENL)To Issue IPO From 26th Magh
Emerging Nepal Limited(ENL) to issue 5,55,600 units(Rs 5.5 crore) as IPO to the general public from 26th Magh to 1st Falgun. 2% of offered IPO i.e 11,112 units will be given for the employee and 5% i.e. is 27,780 units will be given to the mutual funds and the remaining 5,16,708 units will be given to the general public.
NIC Asia Capital Limited has been appointed as the issue manager for the IPO of Emerging Nepal Limited. The minimum unit that the applicant can apply is 10 units and the maximum unit is 5,000.
After the issuance of 5,55,600 units worth Rs, 5.5 crore IPO shares the general public i.e 10% of total capital which will together raise its paid-up capital to Rs 55.56 crore, and the promoter/public ratio will be 90:10.
Emerging Nepal Limited was established in August 2015 as a public-private partnership (PPP) investment company to invest in diverse sectors. ENL is promoted by the Vishal Group and IME Groups.
ICRA Nepal has assigned ENL rating of [ICRANP-IR] BB+ (i.e. ICRA NP Issuer Rating Double B Plus) to ENL which means that the company has a moderate risk to invest. The opening date hasn't been declared yet.
Labels: upcoming ipo