Shivam Cement to issue 52 lakh 80 thousand unit share in IPO; 10% for general public and 2% for project affected locals

Shivam Cement will be issuing 12% IPO, where 10% is for the general public 2% is for the locals. The IPO issuance of Shivam Cement is first one in long time for the Manufacturing sector. This has become possible only after allowing the companies to issue IPO at a premium. However, the amount of premium hasn’t been finalized yet. The paid up capital of Shivam Cement after the issuance will be Rs. 4 arba 40 crore, out of which 12% i.e. Rs. 52 crore 80 lakh will be issued for general public and locals. Out of 52 lakh 80 thousand unit shares, 8 lakh 80 thousand will be issued for affected local people in Makwanpur, where the company is situated and rest 44 lakh unit shares will be issued for general public. The issue manager for Shivam Cement is Siddhartha Capital Limited.