Udayapur Cement IPO worth Rs 3.38 bln will be issued soon

Udayapur Cement IPO worth Rs 3.38 bln will be issued soon

KATHMANDU: Udayapur Cement Industry Ltd is preparing to launch an initial public offering (IPO) for the general public.

To that end, the organization has called an annual general meeting (AGM).

The company’s executive committee has decided that the 33rd Annual General Meeting will be held on June 13 at the company’s meeting hall in Udayapur. According to the organization, the meeting will take place practically at 11 a.m.

The plan to issue an IPO worth Rs 3,385,920,200 will be approved at the AGM.

The AGM is also expected to approve the plan to increase the company’s issued capital from Rs 4 billion to Rs 10 billion, according to the company.