Forum

Those IPO or FPO which are not subscribed 80% 0r above. Those merchant banker or underwriter should be barred from issueing further IPO/FPO of any other companies for the next 6 months for the from close date of such public issues. This kinds of provision should also be introduced by SEBON in their Bye-laws. This is my just personal opinion might vary from Person to person.

When is the Next Board meeting of SEBON ???

Looking at the current Nepal Capital Market some strong action is need from SEBON.

1. SEBON should make a Provision for Company planning for IPO, To be eligible for IPO the company should be in Profit for the last three consecutive years, to quote their IPO Price @ Face Value.

2. Company planning for IPO in Premium should be running in Profit for 3 consecutive Years along with Dividend Payout for the 3 Consecutive Years, along with the Clause that there should be Price band for Every IPO in Premium from Face Value Price to the Face Value + Premium amount the company seeking for. The Market will itself define the fair value for the IPO Price of such companies.

3. But in some cases The Companies might be good with Good Vision which has the tendency to Perform better in such cases the Private Placement of shares should be allowed to various Investment firms and others.

This is just my opinion it might vary from Person to Person !!