Three production-based companies, including Jagadamba Steel, are preparing to issue an initial public offering (IPO). After the best cement, Jagadamba Steel, Reliance Spinning Mills, and S.V. Pannal Nepal are preparing to issue an IPO. These three companies are in the process of issuing an IPO.
The best cement has issued an IPO to institutional investors through the book-building process, while it has received approval from the Securities Board to issue it to the general public.
Similarly, Jagadamba Steel, which is in the process of issuing an IPO, has sought to issue primary shares (IPO) at a premium of Rs 300. Having applied for an IPO at a price of Rs 100 per share, adding a premium of Rs 200, Jagadamba has applied for a total of 2 crore 70 thousand shares for IPO issuance for local residents and the general public. Siddhartha Capital is the manager of the company’s IPO issuance and sale.
Similarly, Reliance Spinning Mills, which has applied for IPO issuance through the book-building process, has applied for 770,640 shares for institutional investors. After the issuance to institutional investors, it will only be available to the general public. Global IME Capital is the manager of share issuance and sales for Reliance Spinning Mills.
On the other hand, S.V. Pannal Nepal has applied for the issuance of 5,232,548 shares at the indicated price. Himalayan Capital is the manager of share issuance and sales for this company.