Kathmandu. Today is the last day for foreign employment to apply for the IPO of Sopan Pharmaceuticals.
The company has received permission to issue 42,90,000 units of shares worth Rs 42.90 crore i.e. 25% of the paid-up capital of Rs 1.71 billion. Out of the offered shares, the company has issued 429,000 units of 10 percent shares to the Nepali migrant workers in the first phase. Nepalis working abroad can apply for the IPO till the banking hours today.
In the second phase, 5% of the total offered shares to the general public will be issued to the mutual fund and 4% of the total offered shares will be reserved for the employees of the company while the remaining 3,474,900 units will be issued to the general public.
Applications can be place for minimum 10 units and maximum 11,000 units of shares in the IPO. Interested Nepalis who are on foreign employment can apply through the banks and financial institutions that are participating in the ASBA service and their designated branches and CDSC’s ‘My Share’.
NMB Capital has been appointed as the issue manager for the IPO issuance.
