Sarbottam Cement IPO Status: Oversubscribed !
Sarbottam Cement Limited has been issuing its Initial Public Offering (IPO) through the book-building process, offering 27,76,076 units shares to the general public from 13th of Falgun, 2080, with a closing date on the 16th Falgun.
| Company | Sarbottam Cement Limited |
|---|---|
| No. of Shares | 27,76,076 units |
| Face Value | Rs. 100 |
| Issue Price | Rs. 360.90 |
| Issue Manager | Global IME Capital |
| Issue Open Date | Falgun 13 |
| Issue Close Date | Falgun 16 |
IPO Status
| Issued Unit | 27,76,076 Units |
| Number Of Application | 10,12,384 |
| Applied Unit | 5,36,33,990 |
| Oversubscribed By | 19.32 times |
| Last Update | Feb. 28, 5:00 PM |
| Status | Closed |
ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] BBB+ (pronounced ICRA NP issuer rating triple B plus) to Sarbottam Cement Limited. ICRA Nepal has also reaffirmed the long-term rating of [ICRANP] LBBB+ (pronounced ICRA NP L triple B plus) and the short-term rating of [ICRANP] A2 (pronounced ICRA NP A two) to Sarbottam’s bank loan limits.
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