Most awaited IPO of Shivam Cement finally out for the locals from today; Issuing 8.80 lakh units at premium of Rs 300

Shivam Cement is issuing 8,80,000 unit shares as its Initial Public Offering for the locals of Makawanpur district from Shrawan 13, 2075. i.e. today. The issue made at a price of Rs 300 (Rs 100 plus premium of Rs 200) will last till Bhadra 11, 2075.

The interested applicants from Makawanpur district can apply for a minimum of 10 units and for a maximum of 10,000 units of the issued shares. However, the applicants can choose not to place their applications through C-ASBA. The interested locals can collect application forms from any of the financial institutions providing C-ASBA services and can submit their applications in the various designated collection centres in Makawanpur districts.

ICRA Nepal had assigned Grade 3+ rating to the IPO of Shivam Cements Limited indicating Average Fundamentals.

Siddhartha Capital has been appointed as the issue manager for the IPO issuance.

Shivam Cements Limited has posted net profit of Rs 93.66 crore till the end of Chaitra 2074. As per the audited third quarterly statement of FY 2074/75, it has been able to earn Rs 93.66 crore in the first 9 months of this year, while it had earned Rs 81.11 crore in the last fiscal year.

Its revenue from operations and sales stands at Rs 7.10 arba till Q3 this year.

It has paid-up capital of Rs 3.872 arba, up 54.88% this year while its reserve stands at Rs 2.16 arba. Its annualized EPS now stands at Rs 32.25 and net worth per share at Rs 155.91.

Shivam Cement is coming out with 8.80 lakh shares IPO for locals at Rs 300 per share, and 44 lakh shares IPO for general public at Rs 400 per share for a total of 52.80 lakh units IPO. After the IPO, its paid-up capital will reach Rs 4.40 arba. At the IPO prices, P/E ratio will stand at 10.57 times for locals and at 14.09 times for the general public.