Palpa Cements Industries Limited Closing IPO Shares to Project-Affected Locals of West Nawalparasi From Today
Summary
Palpa Cement Industries Limited is closing its IPO share issue to project-affected locals of West Nawalparasi, allocating 18.75 lakh shares worth Rs. 18.75 Crores. The company, part of the RMC Group, operates in Sunuwal, Nawalparasi, and has appointed Nabil Investment Banking as the issue manager.
Key Points
- Palpa Cement Industries Limited is closing the IPO share issuance for project-affected locals of West Nawalparasi today.
- The IPO opened on 25th Poush 2082 with 18,75,000 shares allocated to project-affected locals.
- The company’s issued capital is Rs. 3.75 Arba with 20% allocated to the public.
- Nabil Investment Banking Limited is the issue manager for the public offering.
- ICRA Nepal reaffirmed long-term and short-term loan ratings for Palpa Cement Industries Limited and removed negative watch.
