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Can existing promoter/promoter family apply for IPO of a company?

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Can existing promoter/promoter family apply for IPO of a company?

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

Topics Covered in this post:
IPO/FPO | ipo | Company | Apply | existing | Family | promoterpromoter
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  2. Avatar of JackThorne30 JackThorne30
    Reply
    September 25, 2023,

    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.

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