Kathmandu. The initial public offering (IPO) of Palpa Cement Industries has been allotted. The IPO was issued by Nabil Investment Banking, the issue manager of the IPO this morning.
The company is issuing a total of 4.5 million units of shares to the general public till February 26. According to the issue manager, 2,413,517 applicants had sought 2,63,10,970 units of shares in the IPO. Out of this, 2,376,705 applicants had sought 2,58,62,420 units of shares.
Accordingly, 4,48,550 units of shares sought from 36,812 applicants were rejected. The IPO has also been cancelled due to higher number of applications than the demand. Out of which 4,50,000 applicants got 10 units of shares.
In this IPO, 19,26,705 applicants have lost their hands.
The final results of the IPO will be announced shortly. Investors can visit the Securities Sales Manager’s website as well as CDSC’s My Shares and iporesult.cdsc.com.np.
