The company opened the IPO in the first phase from Poush 25 for both industry-affected locals and Nepalis working abroad, while the application window for foreign-based Nepalis closed on Poush 30.
Palpa Cement Industries has been authorized to issue 75 lakh ordinary shares, valued at Rs 75 crore, representing 20% of the company’s total paid-up capital of Rs 3 arba 75 crore. Of these, 5% of the issued capital, or 18 lakh 75 thousand shares, have been allocated specifically for locals from West Nawalparasi (formerly Nawalparasi District) and Palpa District, the areas affected by the company’s operations and mining activities.
Industry-affected locals can submit their applications through the following bank branches: Nabil Bank (Tansen, Bardaghat, Bulibatar, Gaindakot), Prabhu Bank (Palpa, Bardaghat, Parasi, Beltari), and Siddhartha Bank (Palpa, Bardaghat, Parasi).
Applicants can apply for a minimum of 10 shares and a maximum of 100,000 shares under this IPO.
Nabil Investment Banking has been appointed as the IPO’s sales manager.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
