Palpa Cement Industries Ltd. has announced that the last day to apply for its IPO for Nepali working abroad is Wednesday, Poush 30. The company issued 562,500 shares at a price of Rs. 100 per share starting from Poush 25, exclusively for Nepali residing overseas.
Applicants can apply for a minimum of 10 shares and a maximum of 100,000 shares. The IPO issuance and sales are managed by Nabil Investment Banking Ltd.
In a credit rating conducted for the IPO issuance, Infomerics Credit Rating Nepal Ltd. assigned the company a ‘Double B Plus Issuer’ rating, indicating a moderate level of risk in fulfilling its financial obligations on time.
Nepali abroad who wish to apply can do so through the C-ASBA system “Mero Share” via authorized banks and financial institutions approved by the Securities Board of Nepal (SEBON).
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
