Shivam Holdings Limited to Float IPO | Appoints Siddhartha Capital as Issue Manager

December 3, 2023 | Investopaper

Shivam Holdings Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has appointed Siddhartha Capital Limited as the issue and sales manager.

An agreement has been reached between the company and Siddhartha Capital on this regard.

Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON) after completing the necessary procedures. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.

The company plans to sell 1.16 crore shares at a premium price in the public offering (IPO).

About Shivam Holdings Limited

Shivam Holding Limited, established in 2071 BS, is a subsidiary company of Shivam Cements Limited which owns 85 percent shares in the company.

The company has an authorized capital of Rs 5.80 billion and paid-up capital of Rs 4.64 billion.

Shivam Holdings has 30 percent state in the Hongshi Shivam Cement Pvt. Ltd, one of the largest cement manufacturing company in Nepal.


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Upcoming Initial Public Offerings (IPO) In Nepal 


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