[ IPO sales will remain open even in lockdown]
By Rabindra Dhungel, 19 august 2020. Even though the Securities and Exchange Board of Nepal (SEB) has imposed a restraining order in the Kathmandu Valley, there will be no restriction on the sale of ordinary shares from 20 august .
The Securities and Exchange Board of India (SEBI) has stated that it will not stop the IPO as most of the applications will be filled online that mean my share .
Only two companies are issuing IPOs on 20 august . There includes IPO of Samaj Microfinance Financial Institution and Reliance Life Insurance is coming.
According to Rupesh KC, co-spokesperson of the board, Liberty Energy, which started selling from today, and Samaj Microfinance Financial Institution and Reliance Life Insurance, which will be open from Thursday, will sell ordinary shares. KC clarified that there is no obstacle in this.
Liberty’s IPO, which was issued saying that investors are getting used to it now, will not be stopped and the IPOs of the two companies that are coming will be open for sale as before.
Even though the government issued a restraining order in three districts of the Kathmandu Valley after 12 noon on Wednesday, the share market will not be affected. According to the information issued by the District Administration Office, the employees can go to the office on the basis of the identity card with the photo issued by the office. Therefore, broker offices will not be closed.
Despite the restraining order, the IPO and secondary market transactions will not be hampered. According to CDSC spokesperson Suresh Neupane, there will be no restriction on the issued shares due to CDSC. At present, the number of investors taking my shares is more than 600,000, he said. About 80 percent of the IPOs that have been opened so far have received applications from my shareholders.