Ghorahi Cement Industry To Issue IPO Of 79.43 Lakh Shares at a Premium; Himalayan Capital and Nabil Investment Appointed as Issue Manager

An agreement has been passed between Himalayan Capital Limited (HBLCL), Nabil Investment Banking Limited (NABILINV), and Ghorahi Cement Industry Limited regarding the issue of securities and the appointment of an issue manager for the issue of securities at a premium price.

Himalayan Capital in joint collaboration with Nabil Investment, is representing the largest cement industry in western Nepal, Ghorahi Cement Industry Ltd. It has entered into an agreement with the cement company regarding the issue for the general public of 79.43 lakh shares of the said organization at a premium price.

The agreement was signed during a ceremony by Mr. Aditya Sanghai, Director, on behalf of the issuing company, Ghorahi Cement Industry Ltd., Mr. Parameshwar Pant, Chief Executive Officer, on behalf of HBLCL, and Mr. Manish Narayan Joshi, Chief Executive Officer, on behalf of NABILINV.

Ghorahi Cement Industry Ltd. was founded in 2064 and began commercial production in 2069 by making a clinker using its own limestone mine. The company is presently producing cement and clinker in the Dang district utilizing the most recent technology. The Triveni and Bishal Group, which has a long history of collaborating on Nepal's development and making a substantial contribution to the country's industrialization and trade promotion, are jointly promoting the company.

Currently, the business manufactures and distributes clinker, OPC, and PPC cement in Nepal under the renowned Sagarmatha brand.