Palpa Cement Industries will open its Initial Public Offering (IPO) for the general public starting today. Following successful allotments for local residents and migrant workers, the company is now offering 4.5 million shares valued at 450 million. Investors can apply for a minimum of 10 shares and a maximum of 100,000 shares at a par value of Rs 100. The subscription remains open until February 27. Nabil Investment Banking Limited serves as the issue manager. Infomerics Credit Rating Nepal assigned an IRN Double B Plus rating, indicating moderate risk in the company’s ability to meet financial obligations.
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