Palpa Cement Industries Limited has opened the sale of its Initial Public Offering (IPO) from Poush 25, targeting project-affected local residents and Nepali citizens working abroad with labor approval from the relevant government authorities.
The company has issued the IPO at a face value of NPR 100 per share, allocating 1,875,000 shares for project-affected locals and 562,500 shares for Nepali workers abroad.
Under the project-affected category, eligible applicants include residents of West Nawalparasi (formerly Nawalparasi District) and Palpa District, where the company’s mines are located. Applicants in both categories can apply for a minimum of 10 shares and a maximum of 100,000 shares.
Applications for Nepali citizens working abroad will remain open until Poush 30, while project-affected local residents can apply until Magh 9. Nabil Investment Banking Limited has been appointed as the issue and sales manager for the IPO.
In the IPO rating conducted for issuance, Infomerics Credit Rating Nepal Limited assigned the company a “Double B Plus Issuer” rating, indicating a moderate level of risk in timely fulfillment of financial obligations.
Project-affected applicants can obtain and submit application forms from Nabil Bank branches in Tansen, Bardghat, Bulibatar, and Gaindakot, Prabhu Bank branches in Palpa, Bardghat, Parasi, and Belatari, and Siddhartha Bank branches in Palpa, Bardghat, and Parasi. Nepali citizens working abroad can apply through C-ASWA system–enabled banks and financial institutions approved by SEBON.
The IPO applications can be submitted after 10:00 AM.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
