Sarbottam Cement IPO Result published which was opened for Nepalese Citizens Working Abroad from Paush 25 to Magh 10, 2080.
According to CDSC IPO Result Mero Share, a total of 5,340 applicants received 50 units of share each.
Sarbottam Cement Limited issued a total of 267,000 units of shares through the book-building process for Rs. 360.90 to Nepalese who working abroad. Applicants applied for a minimum of 50 units to a maximum of 10,000 units share in this IPO.
A total of 33,824 applicants applied for 21,39,220 units of shared in this IPO. A total of 14 applicants applied for 720 units of shared were disqualified and a total of 33,810 applicants were qualified. Out of 33,810 applicants, only 5,340 applicants received 50 units of shared through the lottery method.
Applicants can check the Sarbottam Cement IPO Result at CDSC IPO Result, MeroShare, and Global IME Capital official page.
ICRA Nepal is rating of [ICRANP-IR] BBB+ (pronounced ICRA NP issuer rating triple B plus) to Sarbottam Cement Limited.
Sarbottam Cement Limited established as a flagship product of Saruabh Group, Sarbottam Cement was founded in the year 2010, however it came in operation from February, 2014. It’s head office is at Neupane Tower, Tinkune, Kathmandu with the factory situated approximately 240 km away from the Kathmandu at Sunwal, Nawalparasi. The factory has been established with an authorized capital of Rs 4,000 million. It is one of the largest cement factories of Nepal that produce their own clinker. The factory is spread over 30 bighas of land and the mine is spread over an area of 20 square kilometers for extracting limestone. At present, Sarbottam cement is employing 200+ people all across Nepal.
An innovator and pioneer of the cement industry of Nepal, Sarbottam Cement Limited (SCL) is the first cement manufacturer to use a completely European production line. Sarbottam Cement is the first manufacturer that produces cement through the use of a Vertical Roller Mill (VRM). This innovative technology allows us to save up to 50% in energy consumption, thereby drastically reducing thr carbon footprint. In this regard, Sarbottam Cement is the first Nepalese cement manufacturer which is able to produce eco-friendly or “green” cement. Sarbottam Cement purchases various mines in limestone rich from Palpa & Chitwan districts. These mines have some of the finest limestone in the country, and as a result, the Sarbottam Cement is able to deliver to their customers the highest quality cement possible.
