Palpa Cements Industries Limited Concludes IPO Allotment for Nepalese Citizens Working Abroad; 56,250 Lucky Applicants Receive 10 Units each
Summary
Palpa Cements Industries Limited completed its IPO allotment for Nepalese citizens working abroad, with 56,250 applicants each allotted 10 units.
Key Points
- Palpa Cements Industries Limited concluded its IPO allotment for Nepalese citizens working abroad on 9th Magh, 2082.
- The company issued 75,00,000 unit shares as public capital, allocating 5% to project-affected locals and 10% for Nepalese abroad.
- A total of 75,162 valid applications were received for 13,01,160 units, with 56,250 applicants allotted 10 units each.
- ICRA Nepal reaffirmed Palpa Cement's long-term and short-term loan ratings and removed negative watch status.
