Shubhashree Agni Cement Industry Limited has applied to the Securities Board of Nepal (SEBON) to issue ordinary shares (IPO) to the public. The company has proposed issuing 2 crore 2 lakh 10 thousand shares at a face value of Rs 100 per share. This means the total value of the proposed IPO stands at Rs 2 arba 2 crore 10 lakh.
The IPO will target project-affected local residents and general public investors. The share issuance process will be managed by Machhapuchchhre Capital Limited.
The company can move forward with the public issuance only after receiving SEBON’s approval.
This article was originally published on bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
