Ghorahi Cement Industry Limited Ipo
Ghorahi Cement Industry Limited is opening the issue of its unit IPO shares to the general public today, on the 32nd Jestha, 2080, at a price of Rs 435 per unit, which includes a premium of Rs 335. The cement manufacturing company's issued capital is Rs. 3.97 Arba, with 20 unit shares reserved for the public (including locals, Nepalese citizens working abroad, and the general public) if the issue is not fully subscribed to by that date.
Detail Study Of Ipo ( GCIL )
The early ending date of this issue is on the 4th Ashad, and if it is not fully subscribed, it can be extended until the 14th Ashad, 2080. From the total amount of capital that was issued, 1 unit share, or 397,190, was given to Dang District residents who were impacted by the project. On the other hand, unit shares were given to Nepalese citizens who were working abroad from the 18th Baisakh. Only 77,290 shares were distributed to valid applicants out of the total units issued to project-affected locals, and the public issue for Nepalese migratory workers had been undersubscribed by 19.65, or 148,311 units. As a result, the shares that haven't been sold will now be added to the shares that are meant for the general public.
77,290 unit shares, or 20 percent of the issued capital, have been distributed to project-affected locals, 606,350 units to Nepalese citizens working abroad, 328,961 units have been set aside for public finances, and 19,530 units have been set aside for the company's employees, according to the offer letter. After all previous allotments and reservations have been made, there are still shares and units available to the public, and the issue will begin today.
In total, the promoter shareholders own 80 percent of the company's shares. The company will receive Rs.3.44 Arba from this IPO issue. There will be a premium amount of Rs2.65 Arba, and the remaining amount will be added to the paid-up capital. The IPO allocation's issue directors are Himalayan Capital Limited and Nabil Investment Banking Limited, respectively. tasks can be put for at least 10 units and a limit of units. Ghorahi Cement Industry Limited has been given the rating "CARE- NP BBB-(Is)" by CARE Ratings Nepal Limited (CRNL).
In Nepal, issuers with this status are thought to provide a moderate level of security when it comes to timely servicing financial obligations. Similar issuers pose a moderate risk to credit. The integrated cement manufacturing factory of Ghorahi Cement Industry Private Limited (GCIL), which was established on August 6, 2007, is located in the Dang Valley in Western Nepal. In March 2021, the company changed its name to Ghorahi Cement Industry Limited (GCIL) and became a public limited company.
With a clinker capacity of 1,900 MTPD and a grinding capacity of 2,200, GCIL currently manufactures and sells cement. It has also completed brownfield expansion, increasing its clinker capacity by 3,000 MTPD and its grinding capacity by 1,400 MTPD. Under the brand name "Sagarmatha," GCIL distributes its product throughout Nepal, with a primary focus on the western and far western regions. GCIL distributes its products throughout Nepal through 21 distributors.
