Nepal Oil Corporation prepares to issue IPO for public shareholders

KATHMANDU: The Nepal Oil Corporation is gearing up to offer its primary shares (IPO) to the public. Umesh Prasad Thani, the executive director of the corporation, announced this development during the 28th Annual General Meeting of the Nepal LP Gas Industry Association.

The move comes following amendments to the Securities Issuance Regulations in 2080, which now require a minimum of two financial years before an IPO can be issued.

Thani emphasized that the corporation, which implemented an automatic pricing system in June, is now operating profitably. He also highlighted the corporation’s role in providing accessible fuel and encouraged the public to become shareholders by participating in the upcoming IPO.