Shivam Cement makes history of becoming first manufacturing company to issue IPO in premium price; share price fixed at Rs 300 and Rs 400 per unit

Shivam Cement has finally moved on to make history by becoming the first manufacturing company to issue IPO in premium price in Nepal. The cement manufacturing giant which has a capacity to produce 3000 ton cement each day has received nod from SEBON to issue 2% shares i.e. 8.80 lakh unit shares to the project affected locals and 10% i.e. 44 lakh unit shares to general public. The board has provided green signal to issue these shares at Rs 300 for the project affected locals and at Rs 400 to the general public on Ashadh 8, 2075.

With the latest development, the board has expected to attract more companies from real sector to come onboard in the stock market of Nepal issuing shares to the general public.