IPO for General Public: Om Megashree Pharmaceuticals to Issue 14,76,000 Lakh IPO Shares from Falgun 27

Om Megashree Pharmaceuticals Limited will issue 14,76,000 unit IPO shares at a par value of Rs. 100 from 27th Falgun, 2081. The early closing date of this issue is on the 3rd Chaitra, 2081, and if the issue is not fully subscribed, it can be extended up to the 12th Chaitra, 2081.

The company's issued capital is Rs. 60 Crores, of which 30%, i.e., 18,00,000 unit shares worth Rs. 18 Crores, will be issued later for the general public. Of this public issue, 10% of the shares, totaling 1,80,000 unit shares, have already been issued for Nepalese citizens working abroad.

Out of the total 18,00,000 units, 90,000 (i.e., 5% of 18,00,000) have been set aside for mutual funds, and 54,000 (i.e., 3% of 18,00,000) units have been set aside for the employees of the company. The remaining 14,76,000 units are for the general public, the issue of which will open from 27th Falgun, 2081.

Prabhu Capital Limited is appointed as the issue manager. Applications can be placed for a minimum of 10 units and a maximum of 10,000 units.

CARE Ratings Nepal Limited (CRNL) has reaffirmed the ‘CARE-NP BB- (Is)’ rating for Om Megashree Pharmaceuticals Limited (OMPL), indicating a moderate default risk for timely financial obligations. Additionally, CRNL has reaffirmed the ‘CARE-NP BB-’ rating for OMPL’s long-term bank facilities and the ‘CARE-NP A4’ rating for its short-term bank facilities.

Om Megashree Pharmaceuticals Limited, established on June 12, 2016, is a public limited company in Nepal promoted by a group of institutional and individual investors. The company manufactures pharmaceutical products at its Chitwan-based plant and began partial operations on February 19, 2024.

Offer Letter: