Kathmandu. For the first time, Sarvottam Cement is going to issue ordinary shares (IPO) through book building. The company said on Wednesday that it would issue an IPO worth Rs 6 million through Book Building.

The company will issue 15 percent of its paid-up capital, or 6 million shares, as an IPO for institutional investors, local district residents, employees and the general public. Out of the total 6 million shares, 2.4 million shares have been allotted for institutional investors, 800,000 shares for local district residents and the remaining 2.8 million shares for company employees and other general investors.

The company has stated that the share price of the IPO will be at least Rs 750 per share. Based on the company's internal valuation, the minimum share price is estimated to be 750, which could be further increased by the bidding method by qualified institutional investors.