Kathmandu, August 25 The wait could soon be over for those who have developed an interest to take a plunge in the country’s capital market or are planning to make additional investment in the secondary market. This is because a total of Rs 13.37 billion worth of initial public offerings (IPOs), further public offerings (FPOs) and rights shares are about to be issued by 33 companies in the near future. According to data maintained by Securities Board of Nepal (SEBON), the secondary market regulator, 18 firms have applied to issue IPOs and FPOs worth Rs 3.41 billion or 50,288,763 unit shares. Of them Butwal Power Company, Premier Insurance and NMB Bank have applied for FPO, while 15 others have applied for new issues. In the pipeline Company Unit Amount Type Rashuwagadhi Hydropower 16421040 1,642,104,000 IPO Panchakanya Mai Hydropower Ltd 1,100,000 110,000,000 IPO Radhi Bidyut Company Ltd 764,550 76,455,000 IPO Akhukhola Jalbidhut Co Ltd 800,000 80,000,000 IPO Garjang Upatyaka Hydro Power Ltd 200,000 20,000,000 IPO Joshi Hydropower Development 371,400 37,140,000 IPO Shuvam Power Ltd 200,000 20,000,000 IPO Sanjen Jalavidhyut Co 8,760,000 876,000,000 IPO Laughing Buddha Power Nepal 978,000 97,800,000 IPO Unique Hydel Co 550,000 55,000,000 IPO CEDB Hydro Fund 2,289,300 228,930,000 IPO Kalika Power Company 600,000 60,000,000 IPO Samudayik Laghubitta Bittiya Sanstha 300,000 30,000,000 IPO Unnati Microfinance Bittiya Sanstha 165,000 16,500,000 IPO Union Hydropower Ltd 633,745 63,374,500 IPO Premier Insurance 659,565 Not available FPO Butwal Power Company Ltd 4,081,000 Not available FPO NMB Bank 11,415,163 Not available FPO Reliance Finance 2,306,571.60 230,657,160 Rights share Civil Bank Ltd 20,740,886.75 2,074,088,675 Rights share Karnali Development Bank 3,397,500 339,750,000 Rights share Mount Makalu Development Bank 345,800 34,580,000 Rights share Central Finance 463,443.50 46,344,350 Rights share Prabhu Bank 23,525,608 2,352,560,800 Rights share Green Development Bank 4,000,000 400,000,000 Rights share Asian Life 4,027,966.20 402,796,620 Rights share Shree Investment and Finance 2,867,225.62 286,722,562 Rights share Api Power Company 21,000,000 2,100,000,000 Rights share Sri Ram Sugar Mills 8,903,949.81 890,394,981 Rights share Prudential Insurance 1,283,040 128,304,000 Rights share Guheswori Merchant Banking and Finance 1,973,928.77 197,392,877 Rights share Nepal Community Development Bank 2,643,538.80 264,353,880 Rights share Bhargav Bikash Bank 2,112,000 211,200,000 Rights share   Among them, SEBON has reviewed and sent its comment to three companies expressing some concerns about their public offering. Similarly, SEBON is waiting to hear back from two companies in regards to compliance and the secondary market regulator is reviewing the proposal of 13 companies. Out of a total 18 companies that have applied for IPO and FPO, 14 are hydropower companies, two are development banks and one each from insurance and banking group. Most of the hydropower companies have proposed to issue IPO for people affected in their site areas. Executive Director and Spokesperson for SEBON Niraj Giri said that IPOs offer the best investment option in the stock market. However, 12 companies out of the total 15 that have applied for rights share issue are from banking group. “Banks and financial institutions are under pressure to increase their paid-up capital, so they are issuing rights shares,” Giri explained. Nepal Rastra Bank — the central monetary authority — had directed the banks and financial institutions (BFIs) to increase their paid-up capital to Rs eight billion from Rs two billion within last fiscal. According to Share Registration and Issue Regulation 2016, the companies that receive final approval from SEBON would have to issue shares to the public. “Each company will get a 60-day period to issue shares to the public,” Giri informed.