Nepal warehousing company IPO opens for foreign Nepalese. From now, from April 10, 2080, through April 24, 2080, foreign Nepalese immigrants may apply for the first public offering (IPO) of Nepal Warehousing Company Limited. Please take note that the early closure date for foreign Nepalese immigrants will not be extended.
The issued capital of the firm is Rs. 68.75 Crores, of which 20%, or 13,75,000 unit shares, valued at Rs. 13.75 Crores, will be made available to the public at a later date. 10% of the shares, or 1,37,500 units, of this public offering are designated for use by Nepalese nationals employed overseas. The offering is scheduled to begin today.
Of the 13,75,000 units in total, 68,750 (or 5% of the total) have been set aside for mutual funds, while 27,500 (or 2% of the total) have been put aside for the company’s employees. The general public can use the 11,41,250 units that are left.
How to apply Nepal warehousing company IPO from Mero Share CDSC Com NP ?
Are you looking to for apply Nepal warehousing company IPO ? If yes, you will know here how to apply IPO from Mero Share CDSC Com NP. It is only one getaway to apply IPO and It is very easy to apply IPO in Nepal. Nepal warehousing company IPO opens an IPO for the foreign or general Public, then you need to follow the following steps to apply IPO.
Step 1: Go to the website portal (mero share com np)
Step 2: Log in with your Depository Participants, Username, and Password, and click on login
Step 3: Click on My ASBA
Step 4: Click on Apply for Issue or see on IPO opening notice on Apply for Issue
Step 5: Click on Apply bottom in the right side
Step 6: Fill Required information (Bank, Applied Kitta, CRN, and confirmation box)
Step 7: Please enter your 4 digits transaction PIN to proceed
Step 8: Click on Apply bottom.
If your all information is current, then your application will submitted. You need to confirm that your bank account with sufficient balance before applying for an IPO.
Himalayan Capital has been designated as the IPO issuance’s issue manager. A minimum of 10 units must be applied, and a maximum of 50,000 units may be applied.
Nepal Warehousing Company Limited’s issuer rating of [ICRANP-IR] BB-—pronounced ICRA NP issuer rating double B minus—has been reaffirmed by ICRA Nepal. This rating indicates that issuers have a modest risk of not meeting their financial obligations on time.
In order to meet the warehousing needs of farmers, dealers, millers, and businesspeople who deal in the trade of grains for their commercial and industrial objectives, Nepal Warehousing Company was founded under the Company Act, 2063 of Nepal. These actors are more likely to experience post-harvest losses, reduced product quality for subsequent use, and difficulties storing grains in a wholesome environment for an extended period of time. The Nepal Warehousing Company Ltd has provided the solution by erecting top-notch silos with a 55,000 MT capacity at three separate locations in provinces 1, 2, and Lumbini province. This would preserve the quality of grains held for an extended period of time.