Palpa Cements Industries Private Limited Closing 5,62,500 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Palpa Cements Industries Private Limited is closing its IPO issue for foreign Nepalese immigrants, offering 5,62,500 shares, part of a larger public and project-affected local allocation. The IPO has been oversubscribed 2.38 times with strong investor interest.
Key Points
- Palpa Cements Industries Private Limited is closing the foreign Nepalese immigrant IPO share issue today, offering 5,62,500 units.
- The company has a total issued capital of Rs. 3.75 Arba, with 20% (75,00,000 shares) allocated to public offering.
- 18.75 lakh shares are allocated to project-affected locals of West Nawalparasi, and 56.25 lakh shares to the general public at a later date.
- The IPO has been oversubscribed 2.38 times with 75,508 applicants applying for 13,40,210 units.
