Unveiling Sarbottam Cement's IPO: A Golden
Opportunity for Investors
Hello, avid investors and enthusiasts!
Exciting news is reverberating through the financial corridors of Nepal as Sarbottam
Cement Limited launches its Initial Public Offering (IPO) to cater to
industry-affected locals of Nawalparasi District Palpa District, and Foreign Nepalese. The IPO
window opens on the auspicious day of 25th Poush and extends until the 10th of
Magh, 2080. This presents a unique chance to grab a stake in one of Nepal's
prominent cement companies.
Key
Details of the IPO:
1. Extended
Opportunity: For the
industry-affected locals of Nawalparasi District and mine excavation-affected
locals of Palpa District, there's an option for an extension if the issue isn't
fully subscribed by the early closing date. This extension, if needed, can go
up to Magh 25.
2. Inclusive
Offering: Sarbottam Cement is issuing a total
of 60 lakh shares, equivalent to 12.9033% of its issued capital of Rs 4.65
Arba. Out of this, 40% has already been allotted to Qualified Institutional
Investors (QIIs), and the remaining 60% is up for grabs by the general public.
3. Special
Allocation: Among the public issue, 9,30,000
unit shares are reserved for industry-affected locals of Nawalparasi District
and mine excavation-affected locals of Palpa District. Additionally, 10% of the
shares (2,67,000 units) are earmarked for Nepalese citizens working abroad.
4. Issue
Manager: Global IME Capital has been entrusted
with the crucial role of the issue manager, ensuring a smooth and efficient
process for interested investors.
5. Application
Details: Investors can apply for a minimum of
50 units and a maximum of 10,000 units, making this IPO accessible to a wide
range of individuals.
Pricing
Strategy:
Sarbottam Cement adopts the book-building
method for its IPO, a sophisticated approach that considers the 'cut-off price'
as a pivotal factor. During the allotment to Qualified Institutional Investors,
the 'cut-off price' was set at Rs 401. However, in a gesture to benefit the
general public, the shares are made available at a discounted rate – 10% lower
than the 'cut-off' price. This translates to an attractive Rs 360.90 per share
for common investors.
Also Read More : Hatway Investment Nepal Price
Credit
Rating:
Investors can also take comfort in the
reaffirmed credit ratings by ICRA Nepal. Sarbottam Cement Limited proudly holds
an issuer rating of [ICRANP-IR] BBB+, indicating a strong financial position
and stability. The long-term rating of [ICRANP] LBBB+ and the short-term rating
of [ICRANP] A2 for Sarbottam's bank loan limits further underscore the
company's credibility.
Also Read : Himalayan Re-insurance IPO
Act
Fast! Don't Miss the Chance:
With Sarbottam Cement's IPO, investors are
presented with a golden opportunity to be part of a thriving enterprise in the
heart of Nepal's industrial landscape. Act fast, as the IPO window is open for
a limited time – from 25th Poush to 10th Magh, 2080. Whether you're a local
resident, an immigrant, or simply someone eager to invest in Nepal's growth
story, this IPO promises rewards for those who seize the opportunity.
Don't miss out on being a part of Sarbottam Cement's exciting journey. Apply now and secure your stake in a company poised for remarkable growth and success!
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