Kathmandu, Sept. 20 -- A dozen companies, several of which are active in hydropower generation, are awaiting the regulator's approval to come out with their initial public offerings (IPOs) cumulatively worth Rs 4.14 billion, a spokesperson for the Securities Board of Nepal (SEBON) said on Thursday.

Niraj Giri told the Post that Nepal Reinsurance Company plans to issue its IPO worth Rs 1.6 billion, the largest among the companies awaiting SEBON's nod. The country's only reinsurance company has planned to raise its paid-up capital to Rs10 billion from the existing Rs8.40 billion via issuance of the IPOs, he added.

Of the 12 companies that have applied for permission, eight are hydropower companies. These are: Singati Hydro Energy, Shuvam ...