Today, Magh 11, is the last day for local residents affected by the industry to apply for the Initial Public Offering (IPO) of Palpa Cement Industries Limited. Residents from the designated project-affected areas can submit their applications within banking hours today.
Deadline and Issue Background
Palpa Cement Industries Limited opened its IPO subscription on Poush 25 for two groups: Nepalis working abroad and local residents affected by the project. The application window for Nepalis in foreign employment closed on Poush 30, making today the final deadline specifically for the local population.
Allocation and Share Details
The company has received approval to issue 20% of its total issued capital, which stands at 3.75 Arba. This amounts to 75 Lakh units of ordinary shares worth 75 Crore rupees. From this total, 5% of the issued capital, or 18.75 Lakh shares, has been reserved for locals of West Nawalparasi (formerly Nawalparasi district) and the mining area in Palpa district.
Application Process and Banking Partners
Local residents can apply for the shares through the following bank branches:
- Nabil Bank: Tansen, Bardaghat, Bulingtar, and Gaindakot branches.
- Prabhu Bank: Palpa, Bardaghat, Parasi, and Beltari branches.
- Siddhartha Bank: Palpa, Bardaghat, and Parasi branches.
Investment Limits
Investors are required to apply for a minimum of 10 shares, while the maximum limit is set at 1 Lakh shares. Nabil Investment Banking is serving as the issue manager for this IPO.
Disclaimer: This news is originally written in Nepali, translated with the help of AI and editorially reviewed.