Sarbottam Cement IPO Result Date: 8 March, 2024

Sarbottam Cement IPO Result Date has been scheduled to publish on 8 March, 2024. Its pre-allotment process was conducted on 3 March, 2024 whereas its final allotment will be conducted on 8 March, 2024. Investors had applied for a minimum of 50 unit shares at Rs. 360.90 per share for Sarbottam Cement IPO.

Sarbottam Cement IPO Result Date

As the IPO application period has ended, Sarbottam Cement has announced the result date for its IPO on Friday, March 8, 2024. The company had issued 27,76,076 unit IPO Shares to general public from 25 – 28 February, 2024. It had issued its initial public offering via book building method.

Sarbottam Cement IPO Allotment Process

The IPO allotment of Sarbottam Cement will be concluded via luck draw or lottery system. Only 55,521 applicants will be allotted with the shares of the company. Each lucky applicant will get 50 shares of the manufacturing company. IPO Allotment process will be conducted by Global IME Capital as its issue manager.

How to Check Sarbottam Cement IPO Result?

To check the IPO Result of Sarbottam Cement, visit iporesult.cdsc.com.np on your device browser, select the name of company, enter your DEMAT number, input the captcha and then submit. The result will appear as Allotted and Not Allotted.

Sarbottam Cement IPO Opening Range

The Opening Range for Sarbottam Cement is Rs. 185.36 to Rs. 556.08. The opening range of any company for its first trade in NEPSE depends on its book value. As the book value of this manufacturing company is Rs 185.36, its opening range can be up to three times its audited book value.

Conclusion

Sarbottam Cement IPO Result will be published as soon as the allotment process is concluded. The result date is yet to be finalized and will be confirmed after the application period is completed. Once the result is published, shares will be allotted and refunds will be made to those who are not allotted.