SY Panel Nepal Ltd will open its initial public offering (IPO) for the general public starting Kartik 19, offering over 40 lakh shares after completing the first phase distribution.
SY Panel Nepal Ltd has received approval from the Nepal Securities Board to issue a total of 5,232,548 shares at a face value of NPR 100 per share. The company has already completed the first phase of the IPO, distributing shares to project-affected individuals and Nepali workers abroad. The upcoming second phase will be open to the general public.
Out of the total shares, 149,127 shares have been reserved for employees and 248,546 shares for collective investment funds. The remaining 4,076,156 shares will be available to the general public. Applicants can request a minimum of 10 shares and a maximum of 50,000 shares, which requires an investment of at least NPR 1,000 and up to NPR 5,000,000.
The IPO application period will begin on Kartik 19, 2082 B.S. and close on Kartik 23, 2082 B.S. The issue has been rated “ICRA NP–IR BB Plus” by ICRA Nepal, indicating a medium level of assurance for fulfilling financial obligations. Prabhu Capital Ltd will handle the management and sale of the IPO.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
