Appointed IPO Issue and Sales Manager of Sarbottam Cement

KATHMANDU: Sarbottam Cement Pvt. Ltd. has appointed a disposal and sales manager for the primary share issue. The company has appointed Global IME Capital Limited as the disposal and sales manager. Similarly, NIBL ​​has appointed S Capital and Prabhu Capital as co-managers.

The company has stated that it is going to issue IPO by selling at Rs. 750 per share through book building method. Institutional investors can get it at Rs 750 but for general investors, it can get an IPO at Rs 675 per share by reducing it by 10 percent.

Even if the company has fixed the price per share, the final price of the shares will be determined by the bidding method done by the institutional investors.

According to the said method, the price will be determined on the basis of the bidding done by the institutional investors and the price of the shares issued to the public will also be determined on the basis of the same price. Institutional investors can submit bids by reducing the price fixed by the company by 20 percent.

The company will apply to the Securities and Exchange Board for permission to issue shares only after the final price of the IPO is determined. The general public has to apply for at least 50 lots of shares issued through this method. The public is expected to get at least 50 shares in the company, which is about to issue shares worth Rs 600 million.