Saptakoshi Cement Plans IPO to Expand Production Capacity
Summary
Saptakoshi Cement Limited plans to launch a public IPO offering 20% of its capital to fund expansion of its clinker plant and increase production capacity in eastern Nepal.
Key Points
- Saptakoshi Cement Limited is preparing to launch a public IPO offering 20% of its paid-up capital at NPR 100 per share.
- The company produces high-quality PPC 43 and 53 OPC cement with a daily capacity of 600 tons and has been profitable since 2019.
- It holds around 20% market share in eastern Nepal and exceeded its sales target by 27% in FY 2081/82 while issuing 12% bonus shares.
- Proceeds from the IPO will be used to establish a new clinker plant and expand existing plant capacity to boost efficiency and growth.
