Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Palpa Cement Industries Company. The company can apply for the IPO from February 25 till office hours today.

The company has been permitted to issue 7.5 million units of shares worth Rs 750 million, which is 20% of the issued capital of Rs 3.75 billion. Out of the total offered shares, 18,75,000 units of ordinary shares have been set aside for the locals of affected areas and 5,62,500 units have been set aside for the Nepalese living abroad.

The company has allotted 2,81,250 units of ordinary shares to the mutual funds and 2,81,250 units to the employees of the company.

The company is issuing 45 lakh units of shares worth Rs 45 crore to the general public. Applications can be place for minimum 10 units and maximum 1,000,000 units.

Nabil Investment Banking Limited has been appointed as the issue manager for the IPO issuance. Investors can apply for the shares from the Securities Board of Nepal (SEBON) through banks and financial institutions that are ASBA members and My Shares.