Last day to apply for IPO of Ghorahi Cements

May 31, 2023 09:02 AM Merolagani

Today is the last day to apply for initial public offering (IPO) of Ghorahi Cements Industries.

The company started issuing IPO to locals of affected area at a premium rate from May 2.

The company is issuing 1 percent of its issued capital worth Rs 3.97 billion to the locals of affected area. Accordingly, it will issue 397,190 units of shares at a price of Rs 400 including face value Rs 100 and premium of Rs 300.

The shares is applicable by ward no 1,2,3,4,14,15,17,18,19 of Ghorahi Sub-metropolitan, ward no 3and 4 of Banglachuli Rural Municipality of Dang District and  ward no 3 and 4 of Tribeni Rural Municipality of Rolpa District.

Interested investors can apply for a minimum of 10 units of shares. The maximum application limit is 100,000 units for locals of affected area.

Care Ratings Nepal has assigned BBB minus to the issue indicating moderate risks.

The company has appointed Himalayan Capital and Nabil Investment Banking as its issue manager. The locals of affected area can apply from the designated branches of Himalayan Bank, Nabil Bank, Citizens Bank International, Nepal Investment Mega Bank, Nepal SBI Bank, Ghorahi Cements Industries, Prabhu Bank, Kumari Bank, NMB Bank, Sanima Bank and Jyoti Bikas Bank by paying Rs 2 per form.




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