Bhugarbha Cement Limited to Float IPO | Appoints Nabil Investment Banking as Issue Manager

July 1, 2024 | Investopaper

Bhugarbha Cement Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Nabil Investment Banking Limited as the issue and sales manager.

The agreement for public offering was signed between the company and Nabil Investment Banking Limited on this regard. Mr. Deepak Raj Giri, Chief Executive Officer of Bhugarbha Cement Limited and Manish Narayan Joshi, CEO of Nabil Investment Banking inked the agreement.

Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by SEBON, the company can issue the shares to the public.

The company is planning to sell 20 percent of the issued capital of the company in the public offering. The par value of each share is Rs. 100.

About Bhugarbha Cement Limited

Bhugarbha Cement Limited currently produces both OPC and PPC cement in the name Bhugarbha (OPC), Apollo, Crystal, Deurali etc. The annual production capacity of the company is 60,000 metric tons of OPC cement and 150,000 metric tons of PPC cement.


Recommended:

How to apply IPO/FPO/Right Share through Mero Share?

Upcoming Initial Public Offerings (IPO) In Nepal

Leave a Reply

Your email address will not be published.

error: Content is protected !!