KATHMANDU, March 4: Om Megashree Pharmaceuticals Limited is set to issue primary shares (IPO) from March 11. The company, which had earlier issued an IPO for Nepalis working abroad, is now offering its IPO to the general public.
In the second phase, the company is going to float 1.476 million shares for the general public. Applications can be made for a minimum of 10 and a maximum of 10,000 shares in the IPO.
Purwanchal Lube Oil to issue IPO
In the first phase, the company had received permission to issue 1.8 million shares worth Rs 180 million, which is 30 percent of its issued capital of Rs 600 million. Out of this, 180 thousand shares worth Rs 18 million, which is 10 percent, were issued and distributed to Nepalis working abroad. The company has distributed 54,000 units to company employees and 90,000 to mutual funds.
The company's share issue and sale manager is Prabhu Capital Limited.
