Sonapur Minerals and Oil Limited has received approval from Nepal’s Securities Board (SEBON) to conduct its Initial Public Offering (IPO) on Shrawan 17. They will issue 1,23,200 unit shares at a premium price. The shares will be offered at Rs 225 per share to locals and employees, and at Rs 237.58 per share to the general public. NIMB Ace Capital will be the issue manager for the share offering. The company had applied for permission to conduct the IPO on the 4th of Asoj.
