Last day to apply for IPO of Sonapur Minerals

Sep 12, 2023 08:34 AM Merolagani

Today is the last day to apply for IPO of Sonapur Minerals issued to locals of affected areas. 

Sonapur Minerals obtained approval to issue 40 percent shares of its issued capital worth Rs 3.07 billion, accordingly, it will issue 12,300,200 units of shares worth Rs 1.23 billion.

Out of which, it is issuing 1,537,525 units of shares to the locals of the affected areas of Dang and Rolpa at Rs 225 including face value of Rs 100 and premium of Rs 125.

Interested investors can apply for a minimum of 10 and a maximum oef 1.5 million units of shares.

Informatics Credit Rating Nepal has assigned BBB- rating to the issuer indicating average risks.

NIBL Ace Capital has been appointed as issue manager by the company. The locals can apply from designated branches of Nepal Investment Mega Bank, Citizens International Bank, Kumari Bank, Shine Resunga Development Bank, Global IME Bank and Prime Commercial Bank.



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