Tag: Limited039s

  • 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.”

  • Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda

    Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda


    Siddhartha Capital Limited (SIDCL) has announced its 12th Annual General Meeting (AGM), scheduled for the 25th of Ashwin, 2080 (October 12, 2023). The meeting will convene at Siddhartha Capital’s headquarters in Naxal, Kathmandu, commencing at 4 pm on that day.

    The AGM will address several key agendas, including the endorsement of financial reports for the fiscal year 2079/80. Additionally, the meeting will seek approval for the auditor’s report, which encompasses Profit and Loss (PL) statements, financial reports, and cash flow reports for the same fiscal year. Furthermore, the appointment of an auditor for the upcoming fiscal year 2080/81 will be presented for endorsement.

    One of the significant matters to be discussed and approved during the AGM is the declaration of a 25% cash dividend, which includes taxes and amounts to a total of Rs. 5 crores. This dividend distribution represents an important decision that will impact the company’s shareholders.

  • Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table

    Prabhu Capital Limited to Hold 15th AGM: Dividend and Key Agendas on the Table


    Prabhu Capital Limited (PRABHU) has convened its 15th Annual General Meeting (AGM) for the 19th of Ashwin, 2080. The meeting is scheduled to take place at the Aranya Boutique Hotel and Restaurant, located on Nagpokhari Marga in Kathmandu, and is set to commence at 1:00 PM on that day.

    One of the primary items on the AGM’s agenda is the endorsement of dividends. The company’s board has proposed the distribution of cash dividends, amounting to 6.3158% inclusive of tax, derived from the profits of the fiscal year 2079/80.

    Additionally, the AGM will address several other important matters, including the approval of financial reports for the fiscal year 2079/80, the endorsement of the auditor’s report containing Profit and Loss statements, Balance Sheet, Financial reports, and cash flow reports for the same fiscal year. The meeting will also consider the appointment of auditors and the determination of their remuneration for the fiscal year 2080/81.

    Furthermore, there will be discussions and decisions regarding the appointment of new Directors to the company’s board. These various agenda items reflect the company’s commitment to transparency, financial accountability, and effective corporate governance, ensuring the interests of its shareholders and stakeholders are duly considered and addressed.

  • “Final Day to Apply for Mandu Hydropower IPO for General Public”

    “Final Day to Apply for Mandu Hydropower IPO for General Public”


    The initial closing date for this offering is set for the 13th of Bhadra. If the subscription falls short, the deadline could extend to the 24th of Bhadra, in the year 2080.

    CDS and Clearing Limited (CDSC) has reported that they’ve received a total of 833,615 applications, requesting a combined 9,136,780 unit shares, amounting to approximately Rs. 1.88 Arba. This indicates an oversubscription of about 7.58 times as of this morning.

    Initially, the company had allocated 272,730 unit shares to locals affected by the project in Lalitpur and Makawanpur Districts. Of these, only 193,700 units were assigned to eligible applicants. Consequently, the remaining 79,030 units of unsubscribed shares from these locals are now added to the 1,363,640 units (which accounts for 10% of the total issued capital, reserved for the general public). This results in a total of 1,442,670 units being offered to the general public.