Kathmandu. The date of issue of IPO has been fixed by Sarbottam Cement Limited. The company is going to issue an IPO for the residents of the areas affected by industry and mining and for Nepalis who are employed abroad from 25th of Push.

The company is located in Sunwal Municipality ward no. 3, 4, 5, 6 and 13 and mining affected area Rainadevi Chhahara rural municipality ward no. 1 and 2, Ward No. of Ribdikot rural municipality. 2, 3, 4 and 6, Ward No. of Tinau Rural Municipality. 1, 2 and 3, Mathagadhi rural municipality ward no. 7 and 8 and ward no. of Nisdi rural municipality. It has announced to issue 930,000 shares for local residents living in 7. In addition, 267,000 shares of IPO will be issued for Nepalis who are employed abroad after obtaining labor approval from the relevant agencies of the Government of Nepal.

Investors will have to apply at the rate of 360 rupees 90 paisa per share. In which they can apply for a minimum of 50 shares and a maximum of 10,000 shares. The residents of the affected areas of industry and mining will be on 10th Magh at the earliest and 25th Magh 2080 at the last date. Nepalese who are employed abroad should apply by January 10th. Global IME Capital Limited is the company's securities issue and sales manager.