Shivam Cement all set to float IPO for locals ; Issue to commence from 13th Shrawan at Rs 300

Shivam Cem...

Shivam Cement is all set to float IPO for locals, in the first phase.

The Cement company will issue 8,80,000 unit shares as its Initial Public Offering for local people of Makawanpur region from Shrawan 13, 2075. The issue will be made at a cost of Rs 300 (Rs 100 and more premium of Rs 200) will last till Bhadra 11, 2075. 

The intrigued candidates from Makawanpur locale can apply for at least 10 units and for a most extreme of 10,000 units of the issued shares. Be that as it may, the candidates can't put their applications through C-ASBA. The interested local people can gather application forms from any financial institution giving C-ASBA benefits and can present their applications in the different assigned collection centers in Makawanpur regions. 

ICRA Nepal had doled out Grade 3+ rating to the IPO of Shivam Cements Limited showing Average Fundamentals. 

Siddhartha Capital has been named as the issue administrator for the IPO issuance.

Shivam Cement currently has a paid-up capital of Rs 3.87 arba which will hike to Rs 4.40 arba after the IPO issue of both phases.The promoter to pubic ratio will be 88 : 12 after the public issue.

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