Sarbottam Cement 4.65 crore shares of listed on NEPSE

Mar Mon 2024 03:32:19

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Sarbottam Cement 4.65 crore shares of  listed on NEPSE

The ordinary share listing agreement has been completed between the Best Cement Limited and the Nepal Stock Exchange (NEPSE). An agreement has been reached between the company and NEPSE to list 46.5 million shares of Rs 100 per share.

The agreement was completed today on March 5th. The company called for open sale of common shares through Global IME Capital (Issuing and Selling Manager) and NIBLS Capital and Prabhu Capital (Co-Issuing and Selling Manager).

In this way, 66 million shares were distributed to ordinary investors (Nepalese employed abroad, local residents of industry-affected areas, qualified institutional investors and employees) and 40.5 million shares invested by the founder shareholders of the company, totaling 46.5 million shares listed in NEPSE. happened.

With the listing in NEPSE, the shares of the company will be traded in the second market. The said shares have been listed in accordance with the Securities Listing Regulations, 2075 according to the decision of 4th of March. NEPSE has provided the company with an opening range of Rs 185.36 to Rs 556.08.

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