Kathmandu. Sopan Pharmaceuticals Limited has made a general change in the date of the initial public offering (IPO) for the general public. Earlier, the company was preparing to issue the issue from April 15, 2083 but as per the notice of the Ministry of Home Affairs, the applications will be opened only from April 17 as Saturday and Sunday are public holidays.
Out of the total issued capital of the company, 25% of the total issued capital of Rs 1.71 billion will be 42.90 lakh units. In the second phase, the company will issue 3,474,900 units of shares to the general public at a face value of Rs 100 per share.
Applications can be place for minimum 10 units and maximum 11,000 units. According to NMB Capital, the issue will be valid till April 22 and will be extended till May 2 if the applications are not received as per the demand.
The interested bidders can apply from ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON) as well as through the online portal and App.
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