Gemini Recycle to Issue 10 Lakhs IPO Shares at NPR 190 (NPR 90 Premium)
Summary
Gemini Recycle Nepal Limited has started the process to issue 1 million IPO shares, representing 20 percent of its NPR 500 million issue capital. The company also plans to expand into EV battery recycling in Nepal and partner on waste collection through a mobile app.
Key Points
- Gemini Recycle Nepal Limited approved an IPO plan to issue 1 million shares, or 20 percent of its NPR 500 million capital, to the public.
- The promoter share price has been fixed at NPR 190 per share, including a face value of NPR 100 and a NPR 90 premium.
- The company currently exports recycled batteries, metals, and plastics to India and wants to begin EV battery recycling in Nepal.
- Gemini Recycle also plans to work with public and private sectors on waste collection through a mobile app.
