Mahashakti Cement to Issue 1,78,50,857 Shares in IPO
March 25, 2025 | Investopaper
Mahashakti Cement Limited is planning to issue Initial Public Offering (IPO). For this purpose, the company has submitted the application to the Securities Board Of Nepal (SEBON) on Falgun 26, 2081 BS seeking permission to issue the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
If approved by SEBON, the company plans to sell 1,78,50,857 shares to the public. At a par value of Rs. 100, the total public issue amounts to Rs. 1.78 Arba.
The company has appointed Laxmi Sunrise Capital Limited as issue and sales manager for the IPO. The agreement for public offering has already been inked between Mahashakti Cement and Laxmi Sunrise Capital Limited on this regard.
In the first phase, the company will issue shares to the locals and the foreign employed Nepalis. Likewise, after the first phase, it will sell shares to the general public, including the mutual fund schemes and the employees of the company, in the second phase of the IPO.
About Mahashakti Cement Limited
Mahashakti Cement Limited was formed 31st of Ashad, 2080 BS after the merger of Mahashakti Cement Pvt. Ltd., Garima Cement Pvt. Ltd. and M. Jaypee Cement Pvt. Ltd. The industry produces OPC and PPC cement.
Recommended:
