IPO Result of Sarbottam Cement Concluded for migrant workers

On the 17th of Magh, Wednesday, the IPO of Sarbottam Cement has been successfully concluded. The IPO bidding took place at the office of Global IME Capital, the company's share issuance and sales manager.

The IPO was issued by the company for Nepalis working in foreign employment from Poush 25 to Magh 10. For Nepali working abroad, the company had issued 2,67,000 shares at the rate of Rs. 360.90 per share.

A total of 33,824 individuals applied for the purchase of 21,39,220 shares, out of which 14 applications were rejected, and 33,810 applications were accepted. Among the approved applications, 5,340 applicants were allotted company shares through the IPO at a rate of 50 shares per person