Palpa Cement Industries Limited will issue its IPO in the first phase starting Poush 25 (B.S.), targeting local residents of the project-affected areas and Nepalis working abroad. For local residents of Western Nawalparasi and Palpa, a total of 18.75 lakh shares, valued at Rs 18.75 crore, representing 5% of the total shares, will be allocated. From the remaining 56.25 lakh shares (15% of total), 10% or 5,62,500 shares are reserved for Nepalis employed abroad. Both local residents and foreign-employed Nepalis can apply for a minimum of 10 shares and a maximum of 1 lakh shares.
The IPO application period for local residents will be open earliest until Magh 9 and at the latest until Magh 25 (B.S.), while for Nepalis working abroad, applications can be submitted from Poush 30 to Magh 9 (B.S.). Nabil Investment & Banking Limited has been appointed as the issue and sales manager for the IPO. After completing the first phase, the company will open the IPO for the general public in the second phase.
Project-affected local residents can submit applications through Nabil Bank (Tansen, Bardaghat, Bulbatar, Gaindakot), Prabhu Bank (Palpa, Bardaghat, Parasi, Beltari), and Siddhartha Bank (Palpa, Bardaghat, Parasi). Nepalis working abroad can apply via banks and financial institutions approved by the Securities Board or through the ‘Mero Share’ online system.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
