Bhugarbha Cement Appoints Nabil Investment Banking as Sales and Issue Manager for IPO

Bhugarbha Cement Limited has planned to issue 20% of its shares to the general public, including industry-affected areas, Nepalese employed abroad with government approval, company employees, and collective investment funds.

The shares, priced at Rs. 100 per share, will be managed by Nabil Investment Banking Limited, appointed as the issuing and selling manager. The agreement, signed by CEO Mr. Deepakraj Giri on behalf of Bhugarbha Cement Limited and CEO Mr. Manish Narayan Joshi of Nabil Investment Banking, outlines the issuance and sale arrangements.

Established as a public company in 2080/03/07, Bhugarbha Cement operates a cement factory in Shivaraj Municipality-06, Kapilvastu district, and owns limestone mines in Narapani/Khachikot, Arghakhachi district, acquired through a global tender. The mines cover approximately 8 sq. km., with a geological accumulation of 178.98 million MT of limestone, of which 161.08 million MT is mineable.

The company produces high-quality OPC (Bhugarbha Cement Limited ) and PPC (Apollo, Kistal, Deurali) cement, with an annual capacity of 60,000 MT OPC cement and 150,000 MT PPC cement. Bhugarbha Cement Limited serves markets in Lumbini, Gandaki, Karnali, Sudurpaschim provinces, and Kathmandu Valley.