IPO Proposal of Palpa Cement Industries Limited Approved by SEBON
Summary
Securities Board of Nepal has approved Palpa Cement Industries Limited's proposal to issue 7.5 million shares to the public at Rs. 100 each, with Nabil Investment Banking appointed as issue manager.
Key Points
- The Securities Board of Nepal (SEBON) approved Palpa Cement Industries Limited's IPO proposal on Poush 09, 2082.
- The company will issue 7,500,000 shares at a par value of Rs. 100 each to the general public.
- Nabil Investment Banking Limited is the appointed issue manager for the public offering.
- ICRA Nepal reaffirmed long-term and short-term loan ratings for PCIL and removed them from Watch with Negative Implications.
