SY Panel Nepal Ltd. will issue its Initial Public Offering (IPO) from Asoj 7, targeting local residents of the project-affected area and Nepalis working abroad.
SY Panel Nepal Limited has announced that it will open its Initial Public Offering (IPO) from Asoj 7, 2082 B.S. The company will issue shares to local residents of the industry-affected area as well as Nepalis working overseas.
The company’s issued capital is Rs. 1 arba 30 crore 89 lakh 37 thousand 100, of which 40 percent, equivalent to Rs. 52 crore 32 lakh 54 thousand 800, will be offered to the public. This amounts to a total of 52 lakh 32 thousand 548 units of shares.
Out of the total shares, 2 percent have been reserved for local residents of Ratnanagar Municipality, allowing all ward residents to apply. Similarly, 10 percent has been allocated for Nepalis working abroad. In addition, 1,49,127 units are reserved for company employees, while 2,48,546 units are set aside for mutual funds.
Investors can apply for a minimum of 10 units and a maximum of 50,000 units. The issue has been rated Double B (BB) by ICRA Nepal, indicating moderate risk. Prabhu Capital Limited is the issue manager. Local residents can submit their applications online or through Prabhu Bank branches.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
