Kathmandu: Sarbottam Cement Company Limited has opened Initial Public Offering (IPO) sales from Falgun 13th for the general public. The IPO issuance is set at a minimum of 50 shares per application.

The company has proposed an IPO at a rate of NPR 360.90 per share for the general public. Prospective investors applying for the IPO will need a minimum deposit of NPR 18,005 in their bank accounts.

Applications for a minimum of 50 shares up to the specified limit will be accepted, and applying for less than 50 shares will not be considered.

The company aims to release 2,776,776 shares at the rate of NPR 360 with 90 paisa per share. Previously, the IPO issuance by the company had a positive impact on local and foreign employment in the affected districts.

Investors can apply for shares ranging from a minimum of 50 to a maximum of 10,000 shares. The application period is open until Falgun 16th, and the company has stated that if applications are not met by Falgun 27th, the application window will remain open.

Interested investors can apply online using the services of Securities Board of Nepal, member banks, and financial institutions, as well as the websites of CDSC and Clearing.

Global IME Capital Limited serves as the issuance and sales manager for Sarbottam Cement Company Limited, while NIBL Ace Capital and Prabhu Capital Limited act as co-issuance and sales managers.