Ghorahi Cement Industry is issuing its IPO for Nepalese Employee Working Abroad and Locals from today
From today, or the 19th Baisakh until the 2nd Jestha of 2080, Ghorahi Cement Industry Limited (GCIL) will be offering its IPO to the project-affected inhabitants of Dang District and Nepalese citizens living overseas.
It should be noted that for Dang District residents, the problem may be prolonged until the 17th Jestha if the early closing date is not met. The issue, nevertheless, won’t continue through. The early closing date for Nepalese nationals who are employe overseas.
The public, comprising residents, Nepalese citizens living abroad, and the broader public, will get 20%, or 79,43,801 unit shares, of the cement production company’s issued capital of Rs. 3.97 Arba.
A later date will see the issuance of 75,46,611 unit shares, representing 19% of the company’s outstanding capital, for the general public. 10% of the shares, or 7,54,661 units, of this general public offering. Have designated for Nepalese nationals working overseas; the offering will begin today.
The shares will be sold for Rs 400 per unit (with a Rs 300 premium). To locals and Rs 435 per unit (including a Rs 335 premium) to Nepalese nationals who are employe overseas.
The issue manager has been named as Himalayan Capital Limited and Nabil Investment Banking Limited. After this IPO, the promoter-public share ratio will be 80:20.
About the Company
The business will receive Rs. 3.44 Arba from this IPO offering. A premium of Rs 2.645 Arba will deduct from this total, and the remaining funds will increase the paid-up capital.
The lowest application quantity for the project’s area is 10 units, while the maximum application quantity is 100,000 units. The minimum and maximum application quantities for Nepalese nationals working abroad are 10 and 754,661, respectively.