SY Panel Limited has received approval from the Nepal Securities Board (SEBON) to issue its initial public offering (IPO). The company got the approval on Bhadra 17.
According to SEBON, the company will issue 5,232,548 shares at a face value of Rs. 100 per share. The total value of the IPO is Rs. 52 crore 32 lakh 54 thousand 800. Based on available information, the company’s earnings per share (EPS) is around –0.38, and its net worth is about Rs. 95.24.
Prabhu Capital Limited will act as the issue and sales manager for the IPO. The opening date for applications will be announced soon.
