KATHMANDU, Jan 23: Om Megashree Pharmaceuticals is going to issue an IPO from February 3. In the first phase, the company is going to sell shares 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 allocated for a mutual fund and 54,000 shares for employees.
Crest Micro Life Insurance and Om Megashree Pharmaceuticals per...
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 shares to foreign workers, the company will sell 1.476 million shares to the general public in the second phase.
Om Megashree is a company in the production and processing sector. The company, which was established last year with an investment of around Rs 1.25 billion, has been producing pharmaceutical drugs. The IPO issuance and sales management for the company is being handled by Prabhu Capital. The pharmaceutical production factory is located in Jugedi, Chitwan.
