Palpa Cement Industries Limited is set to open its Initial Public Offering (IPO) for the general public starting from Falgun 12, 2082. The company had earlier completed the allocation of shares set aside for project-affected local residents and Nepali workers abroad in the first phase of the IPO. Now, it is offering shares to general investors.
For this public offering, the company will issue 45 lakh ordinary shares, each with a face value of NPR 100, totaling NPR 45 crore. Investors can apply for a minimum of 10 shares and a maximum of 1 lakh shares. The IPO application period will close at the earliest on Falgun 15 but may remain open until Falgun 26 if demand is insufficient.
For the purpose of this IPO, Infomerics Credit Rating Nepal has assigned the company an IRN BB+ (Double B Plus) Issuer Rating, indicating a moderate risk in the company’s ability to meet its financial obligations.
The IPO issuance and sales management is being handled by Nabil Investment Banking Limited. Investors can apply through ASBA member banks and financial institutions approved by the Nepal Securities Board (SEBON) via their designated branches, using the C-ASBA system. Additionally, applications can also be submitted online through the ‘Mero Share’ system operated by CDSC Ltd.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
