Fonepay IPO on the Horizon: Investing in Nepal’s Digital Future
Exciting news for investors in Nepal! Fonepay, a leading digital payment service provider in the country, is preparing to launch its Initial Public Offering (IPO). This is a significant development for the Nepali stock market, offering the general public an opportunity to invest in a rapidly growing sector.
Fonepay IPO aims to offer 20% of its shares to the general public, marking a key moment in its journey. The company currently boasts a paid-up capital of NPR 510 million. This move demonstrates Fonepay’s commitment to growth and its confidence in the future of digital payments in Nepal.
To navigate the IPO process, Fonepay has partnered with NMB Capital, a reputable merchant banker in Nepal. This collaboration will streamline the IPO launch and ensure compliance with all necessary regulations.
Currently, Fonepay is finalizing its financial statements for the fiscal year 2081/82. The decision regarding the share premium or face value for the IPO will be made after the completion of this crucial process. This ensures that the IPO price reflects the true value and future potential of the company.
Fonepay is also welcoming a new investor, the Khetan Group. The Khetan Group plans to acquire 20% of Fonepay’s shares for NPR 1.4 billion. This investment values the company at approximately NPR 7 billion, reflecting the company’s strong market position and growth prospects. The necessary approvals from Nepal Rastra Bank (NRB), the central bank of Nepal, are underway to finalize this agreement.
This is an excellent chance for those looking for investment opportunities within the Nepali stock market. With the rise of digital transactions and increasing mobile banking users, Fonepay is well-positioned for future success. Keep an eye out for further updates on the Fonepay IPO and don’t miss your chance to invest in the future of digital payments in Nepal! This presents an excellent opportunity for both experienced and first-time investors in Nepal. Learn more about stock market and investment in Nepal.
