Kathmandu – The initial public offering (IPO) of Palpa Cement Industries Limited allocated to the general public has been officially distributed on Friday. The allotment process was conducted through a formal program organized by Nabil Investment Banking Limited, the issue and sales manager.
The company had issued 4.5 million shares to the general public at a face value of NPR 100 per share between February 24 and February 27 (Falgun 12–15). According to the issue manager, a total of 2,413,517 applications were submitted for the public offering.
Out of these, 2,376,705 applications were approved, while the remaining applications were rejected due to various reasons. As the number of applications far exceeded the available shares, the allotment was conducted through a lottery system. Under this system, 450,000 applicants received 10 shares each, while the remaining 1,926,705 applicants did not receive any shares.
Palpa Cement Industries produces and sells OPC, PPC, and PSC cement under the “Tansen” brand and also exports cement products to India. The company operates its manufacturing facility in Sunwal, Nawalparasi, with a production capacity of around 1,800 tons of clinker and 2,200 tons of cement per day.
Financially, the company has shown moderate performance. In the fiscal year 2024/25 (FY 2081/82 BS), the company reported a net profit of NPR 97.3 million. In the previous fiscal year, it earned NPR 69.8 million, while in FY 2022/23 it recorded a net profit of NPR 38.7 million. The earnings per share (EPS) for FY 2081/82 stood at NPR 3.24, while the net worth per share was NPR 119 excluding revaluation reserve and NPR 135 including it.