Palpa Cements Industries Private Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 56,250 Lucky Applicants Receive 10 Units each
Summary
Palpa Cements Industries Private Limited has concluded its IPO allotment for Nepalese citizens working abroad, with 56,250 applicants receiving 10 units each. The IPO forms part of a larger public share issuance including project-affected locals in West Nawalparasi.
Key Points
- Palpa Cements Industries Private Limited concluded its IPO allotment for Nepalese citizens working abroad on 9th Magh, 2082.
- The company issued 3.75 Arba Rs. in capital with 20% (75,00,000 units) offered to the public.
- 5% of the shares (18,75,000 units) allocated to project-affected locals of West Nawalparasi.
- 56,250 applicants from abroad allocated 10 units each from the 5% share set aside for them.
- Nabil Investment Banking Limited managed the IPO and ICRA Nepal reaffirmed Palpa Cement's credit ratings.
