Prabhu Steels and Hydro Equipment Industries Limited Has Provided Certain Conditions of Sealed Bid Relating to the IPO

Prabhu Steels and Hydro Equipment Industries Limited has published a notice to the qualified issue managers for the issuance of an IPO.

According to the guidelines of the Public Procurement Act 2063 for a public offering of shares, Prabhu Steels and Hydro Equipment Industries Limited will provide services connected to the IPO. This notice has been published for companies or organizations that are qualified to be the share sales manager and those who have the necessary qualifications to perform the work as specified. It is suggested that sealed bids be submitted within 45 working days of the date of the notice as published by Prabhu Steels and Hydro Equipment Industries Limited.

Conditions of sealed bid relating to the public issue of shares:

• Can be applied by such company/ organization approved by the Securities Board.
• Must be a company/organization that has paid tax for the financial year 2078/79.
• The company's largest investors should receive 10% of the shares, and the shares that the company's employees are legally entitled to receive should also be used to manage the required finances. However, companies that cannot make this arrangement will not be hindered from participating.
• Committing to providing RTS service for the first financial year after the public share issue (IPO) and accepting the fee for RTS service.
• Others as prescribed by this notice.