Kathmandu. Saptakoshi Cement Limited is going to issue its initial public offering (IPO). The company’s second annual general meeting (AGM) has decided to issue an IPO worth a maximum of 20 percent of the total issued capital.

Similarly, the AGM has decided to distribute 12 percent dividend from the net profit of the company to the shareholders. The AGM has appointed Mona Jalan as the new board of directors and Diwakar Thapa as independent directors.

The factory, located in Katahari Rural Municipality of Morang, has been producing 600 tons of cement daily, improving its quality and market expansion.