Tag: Cement

  • Sarbottam Cement IPO Allots Shares to Locals; 73.28% Remain Unsubscribed

    Sarbottam Cement IPO Allots Shares to Locals; 73.28% Remain Unsubscribed


    Sarbottam Cement Limited has successfully completed the allocation of IPO shares intended for locals affected by industry in Nawalparasi District and mine excavation in Palpa District. The allocation was finalized today, on the 2nd of Falgun, 2080, at Global IME Capital’s office in Kathmandu, serving as the issue manager.

    The company offered a total of 9,30,000 units of IPO shares through a book-building process, priced at Rs. 360.90 per unit for the specified group of locals. The subscription period for this IPO took place from the 25th of Poush to the 25th of Magh, 2080. During this period, interested applicants were eligible to apply for a minimum of 50 units and a maximum of 10,000 units.

     

  • Sarbottam cement k ho k ho hairan

    Sarbottam cement k ho k ho hairan


    Yo sarbottam cement kho kho auni hoki naauni ho general public lai: YouTube ma gayo k vancha vancha, news kholyo news site haru busy X share pump garna

    Maileyta kurai bujena aux ki audaina? Natra tyo capital trade ma lagamla vanera basya Chu natra aux vaney multiple ACC bata apply garamla vanera

    Yeta opportunity cost Katya katei x

    Auni hoki na auni ho sarbottam cement KO iPo general lai????.

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  • Deadline for Sarbottam Cement’s Local IPO Today

    Deadline for Sarbottam Cement’s Local IPO Today


     

    Sarbottam Cement plans to issue 12.9033% of its total issued capital, which amounts to Rs 4.65 billion. This equates to 6 million shares, valued at Rs 6 billion. Initially, 40% of these shares, totaling 2.4 million, were allocated to Qualified Institutional Investors (QIIs), leaving 60% for the general public.

    Of the 3.6 million shares designated for the public, 930,000 were distributed to locals affected by the industry in Nawalparasi District or by mining in Palpa District. The remaining 2.67 million shares were intended for Nepalese citizens employed abroad. Eventually, the remaining 2.403 million shares will be made available to the general public.

  • Ghorai cement bonus share tax kasari tirne?

    Ghorai cement bonus share tax kasari tirne?


    Ghorai cement Bonus share tax kasari tirne ho? Do we need to deposit money to account and submit photo or how? Gmail notice Kai ni ako xaina tw.

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  • Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen

    Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen


    Sarbottam Cement Limited has issued an offer letter for an Initial Public Offering (IPO) targeting industry-affected locals of Nawalparasi District, mine excavation-affected locals of Palpa District, and Foreign Nepalese Immigrants. The IPO subscription period for the specified groups is set from 25th Poush to 10th Magh, 2080. Notably, if the issue remains undersubscribed for the industry-affected locals of Nawalparasi District and mine excavation-affected locals of Palpa District by the early closing date, it may be extended until Magh 25. However, there will be no extension for Foreign Nepalese Immigrants beyond the early closing date.

    Previously, Sarbottam Cement conducted the issuance of its primary shares through the book-building process for Qualified Institutional Investors (QII) from 6th to 10th Mangsir, 2080. The allotment for the 36,19,190 unit shares, against the initially offered 24 lakh units to eligible institutional investors, took place on the 11th Mangsir.

    The overall issuance plan involves Sarbottam Cement offering 12.9033% of its issued capital amounting to Rs. 4.65 Arba, equivalent to 60 lakh shares or 60 crores. Out of this, 40% (24 lakh shares) has already been issued and allotted to Qualified Institutional Investors, leaving the remaining 60% (36 lakh shares) for the general public.

    Among the general public shares, 9,30,000 units will be allocated to industry-affected locals of Nawalparasi District and mine excavation-affected locals of Palpa District. The remaining 26,70,000 units will be divided into two portions – 10% (2,67,000 units) for Nepalese citizens working abroad, and the remaining 24,03,000 units for the general public.

    Global IME Capital has been appointed as the issue manager, and applications can be submitted for a minimum of 50 units and a maximum of 10,000 units.

    The share price for common investors is set at Rs. 360.90 per share. The IPO is being conducted through the book-building method, where the ‘cut-off price’ during the primary shares allotment to Qualified Institutional Investors was Rs. 401. As per the guidelines, shares for the general public are offered at a 10% discount to the ‘cut-off’ price, resulting in Rs. 360.90 per share for common investors.

    ICRA Nepal has maintained its issuer rating of [ICRANP-IR] BBB+ and reaffirmed the long-term rating of [ICRANP] LBBB+ and the short-term rating of [ICRANP] A2 to Sarbottam Cement Limited.

  • Sarbottam Cement Makes History with SEBON Approval for First Book-Building IPO in Nepal

    Sarbottam Cement Makes History with SEBON Approval for First Book-Building IPO in Nepal


    The Securities Exchange Board of Nepal (SEBON) has given its approval to the initial public offering (IPO) proposal of Sarbottam Cement Limited on Poush 3, 2080. Notably, this marks the first instance of a company issuing an IPO under the book-building system in Nepal. Sarbottam Cement Limited has been granted permission to release 3,600,000 unit shares to the general public at a bid price of NPR 360.9 each, constituting 7.74% of the company’s issued capital, which amounts to Rs 4.65 arba. The IPO is expected to generate a total of Rs. 1.29 Arba for the company.

    Prior to this approval, the cement company adhered to guidelines by conducting its primary share issuance through the book-building process for Qualified Institutional Investors (QII) from the 6th to the 10th of Mangsir, 2080. The allotment process took place on the 11th Mangsir, during which 41 eligible institutional investors applied for 36,19,190 unit shares against the initially offered 24 lakh units.

    In total, Sarbottam Cement plans to issue 12.9033% of its issued capital, amounting to Rs 4.65 Arba, equivalent to 60 lakh shares or 60 crore. Out of this, 40% (24 lakh shares) has already been issued and allotted to Qualified Institutional Investors (QIIs), with the remaining 60% (36 lakh shares) set to be issued to the general public later.

    The ‘cut-off price’ plays a crucial role in IPOs conducted under the book-building process. During the primary shares allotment to qualified institutional investors, the ‘cut-off price’ for Sarbottam Cement was established at Rs 401. Following regulatory guidelines, shares are offered to the general public at a discounted rate, specifically 10% lower than the ‘cut-off’ price. For Sarbottam Cement, this translates to Rs 360.90 per share for common investors.

    Prospective investors are required to apply for a minimum of 50 units during the book-building process, and they are expected to allocate at least Rs 18,045 to participate in this offering. Global IME Capital is overseeing the management of the IPO for Sarbottam Cement.

    Additionally, ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating as [ICRANP-IR] BBB+ and has maintained the long-term rating at [ICRANP] LBBB+ along with a short-term rating of [ICRANP] A2 for Sarbottam’s bank loan limits.

  • SEBON Approves Inclusion of Sarbottam Cement’s IPO in Pipeline, Sets Stage for Rs. 1.29 Arba Offering

    SEBON Approves Inclusion of Sarbottam Cement’s IPO in Pipeline, Sets Stage for Rs. 1.29 Arba Offering


    Sarbottam Cement Ltd.’s Initial Public Offering (IPO) has been included in the Securities Board of Nepal’s (SEBON) IPO pipeline for approval. The company intends to issue 3,600,000 unit shares to both local and general investors, with the IPO expected to generate a total of Rs. 1.29 Arba. Priced at Rs. 360.90 per share for both local and general investors, Sarbottam Cement Ltd. plans to conduct the IPO through the book-building method. Global IME Capital Ltd. has been appointed as the issue manager, and the application was submitted to SEBON on Mangsir 18, 2080. ICRA Nepal has reaffirmed Sarbottam Cement Limited’s issuer rating at [ICRANP-IR] BBB+, along with the long-term rating of [ICRANP] LBBB+ and the short-term rating of [ICRANP] A2 for the company’s bank loan limits.

    Additionally, the IPO proposal of Bikash Hydropower Company Ltd. has also been added to SEBON’s pipeline. The company has put forth a proposal to issue a total of 4,454,596 shares to both local and general investors, raising Rs. 44.54 crores. The application for this proposal was submitted on Mangsir 19, 2080, and Prabhu Capital Limited will serve as the issue manager for the public offering. ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB to Bikash Hydropower Company Limited (BHCL), indicating a moderate risk of default regarding the timely servicing of financial obligations. It’s important to note that this rating reflects a general assessment of the company’s creditworthiness and is not specific to any particular debt instrument.

  • Sarbottam Cement Launches Book-Building IPO, Inviting General Public Participation

    Sarbottam Cement Launches Book-Building IPO, Inviting General Public Participation


    “Sarbottam Cement Limited Initiates Book-Building IPO for General Public Participation”
    Sarbottam Cement Limited is gearing up to launch its Initial Public Offering (IPO) to the general public, employing the book-building method for the first time. The IPO price for common investors is fixed at Rs 360.90 per share, requiring a minimum application of 50 units, with investors expected to allocate at least Rs 18,045 to participate.

    Governed by book-building guidelines, the ‘cut-off price’ during primary share distribution to institutional investors was set at Rs 401 for Sarbottam Cement. Following these guidelines, shares are made available to the general public at a 10% reduced rate, specifically Rs 360.90 per share for common investors.

    Investors must maintain a minimum balance of at least Rs 18,045 in their bank accounts; otherwise, the application will be automatically canceled. Sarbottam Cement’s IPO involves the issuance of 60 lakh units of shares, constituting 12.9033% of the total issued capital of Rs 4.65 arba. Out of this, 40% (24 lakh units) is allocated for qualified institutional investors, and the remaining 60% (36 lakh units) is available to the general public, including employees, foreign migrant workers, mutual fund schemes, and project-affected local people.

    This move signifies a significant step in Sarbottam Cement’s financial journey, providing common investors with an opportunity to participate in the growth of the cement industry. As the IPO unfolds, market enthusiasts closely monitor the dynamics of this offering, offering a stake in Sarbottam Cement’s future endeavors. The company plans to issue IPOs for the general public by the first week of Poush.

  • Sarbottam Cement Initiates IPO Bidding for Qualified Institutional Investors on NEPSE

    Sarbottam Cement Initiates IPO Bidding for Qualified Institutional Investors on NEPSE


    The initial public offering (IPO) of Sarbottam Cement has initiated the bidding process for Qualified Institutional Investors (QII) at the Nepal Stock Exchange (NEPSE). The bidding unfolded in the presence of NEPSE’s CEO Krishna Bahadur Karki and Sarbottam Cement’s Chairman Bishnu Prasad Neupane. During this phase, the company made its IPO available to eligible institutional investors through the book-building process from Mangsir 6 to Mangsir 10.

    A total of 41 eligible institutional investors participated in this opportunity, applying for 36,19,190 shares against the initial offering of 24,00,000 units. Notably, there are currently 135 Qualified Institutional Investors licensed by the Securities Board of Nepal (SEBON). Key bids at the highest price came from Kumari Capital and two mutual funds under its operation, with bids of Rs. 406 per share, the highest in the bidding process.

    The book-building guidelines allowed a maximum of 20% shares to be bid by a single qualified investor of the total issue size. Several QII, including Sky Touch Investment and Consultant Pvt. Ltd, Alka Investment Pvt. Ltd, Nepal Insurance Company Limited, and City Express Investment Fund Pvt. Ltd, bid for the maximum limit of 4.8 lakh units each.

    Most bids were placed at the cut-off price of Rs. 401, and successful QII applicants will receive a proportionate share based on their applied amount and the available shares at the cut-off price. The allotted shares for successful QII will be subject to a six-month lock-in period from the date of allotment to the general public.

    The cut-off price is set at Rs. 401, and the shares for the general public will be available at Rs. 360.9, reflecting a 10% discount on the cut-off rate. Qualified institutional investors were allowed to apply within a specified price range of Rs. 401 to Rs. 601.50 per share.

    The company’s issued capital stands at Rs. 4.65 Arba, of which 12.9033% (60,00,000 units) will be issued to the public (QIIs and the general public). Out of this, 40% (24,00,000 shares) were allocated to Qualified Institutional Investors.

    An arrangement is in place to determine a cut-off price for fully sold securities to qualified institutional investors, with applicants at or above the cut-off price receiving their share allotments based on demand. Shares will be issued to general investors at a 10 percent discount from the cut-off price.

    The IPO of Sarbottam Cement initially applied through the book-building method on 28th Ashadh 2079, gaining approval 15 months later, marking a pioneering IPO through this method.

  • Sarbottam Cement Launches IPO for Qualified Institutional Investors with Revised Pricing Strategy

    Sarbottam Cement Launches IPO for Qualified Institutional Investors with Revised Pricing Strategy


    Sarbottam Cement Limited has initiated its Initial Public Offering (IPO) through the book-building process exclusively for Qualified Institutional Investors (QIIs), starting on the 6th of Mangsir. In this initial phase, the company aims to issue 24,00,000 unit shares to QIIs, with the IPO closing on the 10th of Mangsir, 2080. The company has specified this timeframe for QIIs to participate in the bidding process.

    The company’s total issued capital is Rs. 4.65 Arba, of which 12.9033% (60,00,000 unit shares) will be offered to the public, comprising Qualified Institutional Investors (QIIs) and the general public. Out of this, 40% (24,00,000 shares) will be allocated to Qualified Institutional Investors from the start of the IPO. The preliminary bid submitted by QIIs on 24th Asad suggested a price range of Rs. 501 to Rs. 751.50 per share. However, after a price revision, QIIs can now apply for the IPO with a maximum bid of Rs. 601.50 and a minimum of Rs. 401.

    Upon the issuance of IPO shares, they will be traded at the determined cut-off price, which may vary from the base price of Rs. 501.25 based on investor demand. Following this, the general public will receive shares at a 10% discounted price from the company, calculated based on the minimum cut-off rate of QIIs. For instance, if the QII cut-off rate is Rs. 401, the issue rate for the general public’s 36 lakh units would be 10% less, i.e., Rs. 360.9 per share.

    Global IME Capital Limited is overseeing the comprehensive issuance process for the cement company. ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BBB+ to Sarbottam Cement Limited, along with a long-term rating of [ICRANP] LBBB+ and a short-term rating of [ICRANP] A2 for Sarbottam’s bank loan limits.

    Established in October 2010 as a private limited company and converted into a public limited company in July 2019, Sarbottam Cement Limited is engaged in clinker and cement production and sales. The majority of its shareholding is held by the Saurabh Group, a prominent business entity in Nepal. The company’s manufacturing facility is located in Ramnagar VDC-05, Nawalparasi district, specializing in the production of OPC and PPC cement under the brand “Sarbottam.”

  • Cement Industries listed in Nepse and their market cap

    Cement Industries listed in Nepse and their market cap


    Cement Industries listed in Nepse and their market cap

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  • Ghorahi Cement ko IPO 430 per kitta re…is it worth a try?

    Ghorahi Cement ko IPO 430 per kitta re…is it worth a try?


    K badla ta value,ramro company nai ho ki ?
    Ekpalta majjale explain gardinus na kasaile

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