Palpa Cement Industries Limited has extended the application period for its Initial Public Offering (IPO) allocated to local residents of industry-affected areas. The company has extended the deadline to Magh 11, 2082 B.S., for the IPO that was opened on Poush 25, 2082 B.S.
The company has received approval to issue 20 percent of its issued capital of NPR 3.75 arba, equivalent to NPR 75 crore, through the issuance of 75 lakh shares. Out of this, five percent of the issued capital—equivalent to NPR 18 crore 75 lakh—has been allocated to local residents of the industry-affected areas. Accordingly, 18 lakh 75 thousand ordinary shares with a face value of NPR 100 per share have been issued under this category.
According to the company, these shares have been reserved for local residents of industry- and mine-affected areas in West Nawalparasi (former Nawalparasi district) and Palpa district, where the mine is located. Applicants can apply for a minimum of 10 shares and a maximum of 100,000 shares.
Nabil Investment Banking Limited has been appointed as the issue and sales manager for the IPO. Eligible local residents can submit applications through Nabil Bank branches in Tansen, Bardaghat, Bulingtar, and Gaindakot; Prabhu Bank branches in Palpa, Bardaghat, Parasi, and Belatari; and Siddhartha Bank branches in Palpa, Bardaghat, and Parasi.
Applicants from industry- and mine-affected areas are required to pay an application form fee of NPR 2 while submitting their IPO application.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
