Shubhashree Agni Cement Industry Limited has officially applied to the Securities Board of Nepal (SEBON) to issue an Initial Public Offering (IPO). The company is planning to offer 20,210,000 shares, each priced at Rs 100, totaling Rs 2.02 billion in public equity.
According to the company, the IPO will be allocated to project-affected local residents as well as the general public. This move is expected to expand public ownership and support the company’s growth and operational plans.
To manage the IPO process, Shubhashree Agni Cement has appointed Machhapuchchhre Capital Limited as the issue manager. The capital market firm will oversee the entire share issuance process, including application handling and allotment.
