Palpa Cements Industries Limited's IPO; Deadline Extended for Project Affected Locals Till Magh 11
Summary
Palpa Cements Industries Limited has extended the IPO deadline for project-affected locals of West Nawalparasi until Magh 11, 2082, offering shares allocated specifically for them and the Nepalese citizens working abroad.
Key Points
- Palpa Cements Industries Limited extended its IPO issue deadline to Magh 11, 2082 for project-affected locals of West Nawalparasi.
- The company has an issued capital of Rs. 3.75 Arba with 20% shares (75,00,000 units) available to the public.
- Out of the total shares, 5% (18,75,000 units) are allocated to project-affected locals of West Nawalparasi.
- ICRA Nepal reaffirmed Palpa Cement's long-term and short-term loan ratings and removed it from Watch with Negative Implications.
