KATHMANDU, Feb 3: Om Megashree Pharmaceuticals has opened its IPO sale starting today. The company has opened the sale of shares in the first phase to those working abroad.
The company has allocated 180,000 shares worth Rs 18 million for those working abroad. Similarly, 90,000 shares have been set aside for a mutual fund and 54,000 shares for employees.
Applications can be submitted for a minimum of 10 shares and a maximum of 10,000 shares until February 17.
The company is about to issue a total IPO of 1.8 million shares worth Rs 180 million, which will be 30 percent of the issued capital of Rs 600 million.
After distributing the shares to foreign workers, the company will sell 1.48 million shares to the general public in the second phase.
Om Megashree is a company involved in the production and processing sector. The company, which was established last year with an investment of around Rs 1.25 billion, has been manufacturing pharmaceutical drugs.