Shaurya Cement Industries Limited, a major cement manufacturing company located in Mirchaiya, Siraha district of Nepal, is getting ready for a big move in the financial market – its Initial Public Offering (IPO) launch. This strategic step marks a crucial milestone in the company’s journey towards expansion and progress.
Details of the Shaurya Cement IPO
The company plans to offer 15,981,500 unit shares to the public for Rs. 264.51 per share. Each share has a face value of Rs. 100, with an additional premium of Rs. 164.51. Through this move, Shaurya Cement aims to raise funds totaling Rs. 4.22 Arba. This not only brings in capital for the company but also provides an opportunity for investors to join in its growth.
Appointment of Issue Manager
Nabil Investment Banking Limited has been chosen as the issue manager for the IPO. Their expertise in finance and market understanding aligns with Shaurya Cement’s vision for a successful IPO.
Company Overview: Shaurya Cement
Established with an investment of Rs. 15 billion by three major business groups in Nepal – Shankar Group, Ambe Group, and C.K Golchha Family, Shaurya Cement has a robust production capacity of 3,500 metric tons of cement per day. The company specializes in producing Ordinary Portland Cement (OPC), Portland Pozzolana Cement (PPC), and Portland Slag Cement (PSC), meeting various construction needs.
Limestone Mine and Production
The company relies on its limestone mine in Katari, Udaypur, which holds reserves for approximately 50 years. This ensures a steady supply chain for cement production, reinforcing its position as a leading cement manufacturer in Eastern Nepal.
Importance of Shaurya Cement Industries
Shaurya Cement not only contributes economically but also plays a vital role in shaping the regional cement industry. Its presence creates job opportunities and fosters infrastructure development. Additionally, the company’s commitment to quality and innovation sets standards for sustainable practices.
Commitment to Sustainability
Shaurya Cement is dedicated to sustainability and innovation. By integrating advanced technologies, it minimizes environmental impact while maximizing efficiency. Moreover, it actively engages in initiatives promoting safety and building a resilient future for Nepal.
Summary Company Details: Shaurya Cement IPO
Information | Details |
---|---|
Company Name | Shaurya Cement Industries Limited |
IPO Proposal | Added to SEBON pipeline for approval |
Number of Shares | 15,981,500 units |
Share Price | Rs. 264.51 per share (Face value: Rs. 100, Premium: Rs. 164.51) |
Total Issue Size | Expected to be Rs. 4.22 Arba |
Issue Manager | Nabil Investment Banking Limited |
Location | Mirchaiya, Siraha district, Nepal |
Investment | Jointly invested by Shankar Group, Ambe Group, and C.K Golchha Family |
Production Capacity | 3,500 metric tons per day |
Products | OPC, PPC, and PSC cement |
Limestone Mine | Located in Katari, Udaypur |
Mine Duration | Limestone reserves last for about 50 years |
Industry Size | 201-500 employees |
Industry | Manufacturing and Processing |
Website | Shaurya Cement Industries Limited |
This table succinctly organizes the essential details about Shaurya Cement Industries Limited and its IPO proposal.
READ MORE: Jagdamba Steels IPO: Nepal’s Steel Industry-Overview
Conclusion: Shaurya Cement IPO
In conclusion, Shaurya Cement Industries Limited’s IPO signifies a significant step towards expansion and sustainability. With strong foundations, strategic partnerships, and a commitment to innovation, the company is poised for growth and ready to leave a lasting impact on Nepal’s construction sector.
FAQs (Frequently Asked Questions)
1. When will Shaurya Cement’s IPO be available to everyone?
Shaurya Cement’s IPO will be available to everyone once it gets approval from the government. That’s when people can buy shares in the company.
2. What makes Shaurya Cement different from other companies?
Shaurya Cement is different because it can make a lot of cement, it has good partnerships, and it cares about protecting the environment.
3. How can I buy shares in Shaurya Cement’s IPO?
If you want to buy shares in Shaurya Cement, you can do it through special places chosen by the company and the government. They make it easy for people to invest their money.
4. What is Shaurya Cement doing to help the environment?
Shaurya Cement is doing things to help the environment, like using energy wisely and being careful about where they get their materials from. They want to make sure they don’t hurt the environment.
5. What will happen to Shaurya Cement in the future?
Shaurya Cement will keep growing because they have good plans and they’re always trying to do better. They want to be successful for a long time.