Cement039s
Sarbottam Cement Successfully Allots IPO Shares to Overseas Nepali Workers; ICRA Nepal Reaffirms Ratings
Sarbottam Cement Limited has successfully allocated IPO shares to Nepali citizens employed abroad, concluding the allotment process on the morning of 17th Magh, 2080, at the premises of the issue manager, Global IME Capital, located in Kathmandu. The cement company had floated 267,000 units of IPO shares through the book-building process, offering them at a […]
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Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update
Sarbottam Cement Limited has recently unveiled its financial performance for the fourth quarter of the fiscal year 2079/2080, revealing a significant 55.61% decline in net profit. The company’s net profit contracted from Rs. 46.76 crores in the corresponding quarter of the prior year to Rs. 20.75 crores in Q4, 2079/2080. Concurrently, the core business revenue, […]
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Securities Board’s 4 Decisions on Ghorahi Cement’s IPO Lead to Nepal Police Investigation.
The Securities Board of Nepal (SEBON) has taken several decisions regarding the public issue of Ghorahi Cement Industry Limited based on the findings of an investigation committee. It has been observed that certain investors applied for a significant number of shares without having sufficient funds in their bank accounts. These applicants, who are unrelated to […]
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