Can existing promotoer or thei family apply for IPO of general shares of a company? Is there some rule regarding this?
View on r/NepalStock by masakkkali
Can existing promoter/promoter family apply for IPO of a company?
- Posted in: r/NepalStock
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Meroshare.net
Yes they can apply. There’s no such rules except holding more than 15% of the outstanding shares in case of BFIs. Heck, even the promoter person can apply/buy/sell IPO or the ordinary shares.