SY Panel Nepal Limited has opened its Initial Public Offering (IPO) from Ashoj 7, targeting local residents of the industry-affected area and Nepalis working abroad.
The company had earlier planned to issue the IPO from Bhadra 29 but postponed the process due to the country’s unfavorable circumstances. The offering has now officially begun from Ashoj 7, 2082.
SY Panel Nepal has received approval to issue 40 percent of its paid-up capital, equivalent to 5,232,548 shares worth Rs. 52.32 crore. The company’s total issued capital stands at Rs. 1.30 arba.
Out of the total shares, 261,629 units are reserved for local residents of Ratnanagar Municipality in Chitwan, while 497,092 units are allocated for Nepalis currently employed overseas. Additionally, 149,127 units are set aside for company employees, and 248,546 units are reserved for mutual funds.
Applicants can apply for a minimum of 10 shares and a maximum of 50,000 shares. Prabhu Capital Limited is acting as the issue manager for this IPO.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
