The IPO issued for residents of industrially affected areas closes on 21 Ashoj.
SY Panel Nepal Limited has announced that today, 21 Ashoj 2082, is the final day to apply for its IPO issued to local residents of industrially affected areas. The company had received approval to issue 52,32,548 shares, equivalent to 40% of its issued capital of Rs. 1,30,89,37,100. Out of these, 2% (2,61,629 shares) have been specifically reserved for local residents in the industrially affected areas.
Residents of all wards of Ratnanagar Municipality, Chitwan district, are eligible to apply. Investors can submit applications for a minimum of 10 shares and a maximum of 50,000 shares. The IPO has been rated “Double B” by ICRA Nepal, indicating a moderate risk in the company’s debt repayment capacity.
The issue manager and sales manager for this IPO is Prabhu Capital Limited. Applications can be submitted by local residents at SY Panel Nepal Ratnanagar office, Prabhu Capital, Kamaladi, through the online link, or at Prabhu Bank Sauraha and Tandi branches.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
