KATHMANDU, MARCH 11: Om Megashree Pharmaceuticals has opened its IPO sale for the general public from Tuesday. The company has issued 1.476 million shares to the general public.
Investors can apply for a minimum of 10 to a maximum of 10,000 units till March 16. The company has issued shares to the general public in the second phase after allocating shares to foreign employment, mutual investment funds, and employees in the first phase.
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The company had allotted 180,000 shares worth Rs 18 million to those employed abroad. Similarly, the company has already allotted 90,000 shares to mutual funds and 54,000 shares to employees.
The company, moreover, had received permission from the Securities and Exchange Board of Nepal (SEBON) 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.
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 since then. Prabhu Capital is the IPO issuer and sales manager of the company.
