Today is the last day to apply for the Initial Public Offering (IPO) of Nepal Warehouse Company Limited.
Investors can submit their applications for the IPO of this company at the office within office hours today. According to the Central Depository System (CDS), as of the 12th of Mangsir, 10,55,638 individuals have applied for 1,14,53,940 units of shares for this company’s IPO until 5:09 PM.
This is more than 10.03 times the number of shares demanded from the general public. The company had opened the IPO for sale to the general public from the 11th of Mangsir, offering 11,41,250 units at the face value of NPR 100 each. Prior to this, the company had also sold IPOs to Nepalis employed in foreign employment.
Additionally, the company has distributed shares for collective investment funds and employees. For this IPO, individuals can apply for a minimum of 10 units and a maximum of 50,000 units. Himalayan Capital Limited has managed the sales management of this IPO. Investors can apply for shares through C-ASBA-accredited banks and financial institutions, as well as through my share market.
Informatics Credit Rating Agency has given the IPO an IRBB double B minus rating, indicating a moderate risk in meeting the company’s financial obligations.