How Many Have Applied for Public Issue of "Ghorahi Cement Industry" and "IME Life Insurance Company" So Far?

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of the Ghorahi Cement Industry Limited and IME Life Insurance Company as of 10 am today i.e. Ashad 24.

Ghorahi Cement Industry Limited has been issuing 69,11,670 unit IPO shares of Rs 435 per unit (including a premium of Rs. 335) from 22nd Ashad, 2080.

The issued capital of the cement manufacturing company is Rs. 3.97 Arba of which 20% i.e. 79,43,801 unit shares is set aside for the public (including locals, Nepalese citizens working abroad, and the general public). As per the offer letter, 79,43,801 unit shares, or 20% of the issued capital, 77,290 units have been allotted to the project-affected locals, 606,350 units have been allotted to the Nepalese citizens working abroad, 328,961 have been set aside for mutual funds and 19,530 units have been set aside for the employees of the company. Including the remaining shares after all previous allotments and reservations, a total of 69,11,670 units are for the general public.

Himalayan Capital Limited as well as Nabil Investment Banking Limited is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 10,00,000 units.

According to CDSC, 606,958 applicants have applied for a total of 25,394,510 units worth Rs. 11.04 Arba. Thus, the issue is already oversubscribed by 3.67 times so far.

Similarly, IME Life Insurance Company Limited has been issuing 96,00,000 unit IPO shares to the general public from 21st Ashad, 2080. The early closing date of this issue is on 25th Ashad and if the issue is not fully subscribed, it can be extended up to 4th Shrawan, 2080.

The issued capital of the life insurance company is Rs. 4 Arba of which 30% i.e. 1,20,00,000 unit shares is for the public (Nepalese citizens working abroad and the general public). Out of this total issue, 10% i.e. 12,00,000 unit shares were allocated for Nepalese citizens working abroad, whereas 5% i.e 600,000 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 600,000 units have been set aside for the mutual funds. The remaining 96,00,000 units are for the general public.

The shares will be issued for Rs. 236.91 per share (Rs 100 face value + Rs 136.91 premium price) to the general public and for the employees of the company at a par value of Rs. 100. Civil Capital Market is appointed as the issue manager. Applications can be placed for a minimum of 10 units and a maximum of 10,000 units.

According to CDSC, 800,093 applicants have applied for a total of 10,050,450 units worth Rs. 2.38 Arba. Thus, the issue is already oversubscribed by 1.04 times so far.