Palpa Cement Industries Limited has extended the deadline for its Initial Public Offering (IPO) issued to local residents of project-affected areas. Investors from the designated regions can now submit their applications until Magh 11.
IPO Details and Share Allocation
The company was granted permission to issue a total of 75 lakh (7,500,000) shares, representing 20% of its issued capital of Rs. 3.75 Arba. In this current phase, 5% of the issued capital, which amounts to 18.75 lakh (1,875,000) ordinary shares, has been allocated for local residents. These shares are priced at a face value of Rs. 100 per share.
Who Can Apply?
The shares are specifically reserved for residents of West Nawalparasi (formerly Nawalparasi district) and the mine-affected areas of Palpa district. Eligible applicants can apply for a minimum of 10 shares up to a maximum of 1 lakh (100,000) shares.
How and Where to Apply
Nabil Investment Banking Limited is managing the share issuance and sale. Residents can collect and submit application forms at the following bank branches by paying a nominal form fee of Rs. 2:
Designated Bank Branches:
- Nabil Bank: Tansen, Bardaghat, Bulibatar, and Gaindakot branches.
- Prabhu Bank: Palpa, Bardaghat, Parasi, and Belatari branches.
- Siddhartha Bank: Palpa, Bardaghat, and Parasi branches.
Disclaimer: This news is originally written in Nepali, translated with the help of AI and editorially reviewed.