Sarbottam Cement IPO for General Public From 25th Feb, 2024

Sarbottam Cement to issue 24,03,000 units IPO shares to general pubic soon through the book-building method from 25 Feb, 2024. The early closing date of this issue is on the 28 Feb, 2024.

IPO price of Sarbottam Cement for general public will be NPR 360.90 per share. As the issuance of IPO shares to qualified institutional investors, industry-affected locals and Nepalese citizens working abroad has been completed on Feb 8, 2024. Now is the turn for Sarbottam Cement to issue IPO shares to general public.

The cement manufacturing company has already issued its IPO shares to Qualified Institutional Investors (QII), Industry-Affected Locals and Nepalese Working Abroad. Out of total 60,00,000 unit IPO shares, Sarbottam Cement has already issued and allotted 24,00,000 units shares to the Qualified Institutional Investors (QIIs), 9,30,000 unit shares to industry-affected locals and 2,67,000 units shares to Nepalese Citizens Working Abroad.

General Public who wish to apply for IPO shares of Sarbottam Cement will have to apply for a minimum of 50 units shares at the rate of Rs. 360.90 per share.

Global IME Capital has been appointed as the issue manager for its IPO shares. The company is involved in the production and selling of clinker and OPC and PPC cement with its factory located at Nawalparasi district. The major shareholding is from the Saurabh Group, a prominent business house in Nepal.