Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Palpa Cement Industries. Applications can be submitted only till office hours today.

The company has started issuing its shares from January 25.

The company has been allowed to issue 20 percent of the issued capital of Rs 3.75 billion i.e. 7.5 million units of shares. The company is issuing 5,62,500 units of ordinary shares worth Rs 5,62,50,000 to the general public after obtaining labour permit.

Applications can be place for minimum 10 units and maximum 1,00,000 units. Nabil Investment Banking Limited has been appointed as the issue manager for the IPO issuance.

Nepalese who are in foreign employment can apply for the shares from the Securities Board of Nepal (SEBON) through the banks and financial institutions that are members of the Securities Board of Nepal and My Shares.