Ghorahi Cement Industry Limited (GCIL) is all set to issue its Initial Public Offering (IPO) to the general public. The company will be issuing 72,60,161 shares in the second phase of the IPO. This includes the shares that remained under-subscribed in the first phase.

Jestha 32, 2080 BS will be the opening date of the IPO, and Ashadh 10 will be the closing date. Each share has a face value of 100 rupees. The issue price has been fixed at Rs. 435 per share. Through the public offering, the company plans to raise Rs. 3.44 Arba. Global IME Capital Limited will manage the IPO.

GCIL is a cement manufacturing company located in Ghorahi, Banke district. The company has an installed capacity of 1.2 million tons per annum. The company started commercial production in 2076 BS.

Over the past few years, the company has performed well. In the fiscal year 2079/80, the company reported a net profit of Rs. 1.23 Arba. The IPO is a good opportunity for investors to invest in a well-performing company.

IPO issued at a premium

The company has a strong track record and is well-positioned to grow in the future. Here are some of the key things to know about the IPO: The issue size is 72,60,161 shares. The face value of each share is Rs. 100. The issue price has been fixed at Rs. 1,435 per share.

The IPO will open on Jestha 32, 2080 BS and will close on Ashadh 10, 2080 BS. The IPO will be managed by Global IME Capital Limited.

How to apply for the IPO:

To apply for the IPO, you can either apply online via Mero Share or through a broker. If you are applying online, you can do so through the Securities Board of Nepal’s (SEBON) website.

The deadline to apply for the IPO is Ashadh 10, 2080 BS.