Om Megashree Pharmaceuticals Launches IPO for General Public, Falgun 27

Om Megashree Pharmaceuticals Limited has launched initial public offering (IPO) to the general public from Tuesday, Falgun 27.

The company had received permission from the Securities Board of Nepal to issue 30 percent of the issued capital of Rs 60 crore, i.e. a total of 18,00,000 shares worth Rs 18 crore. In the first phase, the company has already issued and distributed 180,000 shares to Nepalese working abroad. Similarly, the company has already issued and distributed 54,000 shares to its employees and 90,000 shares to mutual funds. In the second phase, the company has issued the remaining 14,76,000 shares worth Rs 14.76 crore to the general public.

Interested investors in the company’s IPO can apply for a minimum of 10 units and a maximum of 10,000 units at a face value of Rs. 100 per unit.

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The company issued its IPO on Tuesday, Falgun 27. Applications for the company’s IPO can be submitted until Chaitra 3. If there are not enough applications by that date, the issuance period will be extended until Chaitra 12.

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