The IPO of Palpa Cement Industries Limited has been allotted. The allotment was conducted at the office of the company’s share issuance and sales manager, Nabil Investment Banking Limited.
The company had issued 4.5 million shares with a face value of Rs 100 per share for the general public from Falgun 12 to 15.
A total of 2,63,10,970 shares were applied for by 24,13,517 applicants. Out of these, 23,76,705 applications were approved, while the remaining applications were rejected. A total of 4,50,000 applicants received shares at a rate of 10 shares per applicant.
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