KATHMANDU: Om Megashree Pharmaceuticals Limited is going to issue 1.476 million units of IPO to the public from Falgun 27.

Applications can be made for this IPO at the rate of Rs 100 per unit. There is a provision to apply from a minimum of 10 units to a maximum of 10,000 units. The public can apply until Chaitra 3. If all the shares are not sold by that time, the deadline will be extended until Chaitra 12.

Om Megashree’s issued capital is Rs 600 million. Out of the 1.8 million units of ordinary shares worth Rs 180 million, 30 percent of which has been distributed in the first phase to Nepali citizens who are in foreign employment after obtaining labor permits.

Similarly, the company has stated that the remaining 1.476 million IPO units are going to be sold to the general public by distributing 54 thousand shares to the employees of the company and 90 thousand shares to the mutual fund.

Prabhu Capital Limited is the issuance and sale manager of the IPO. The general public can apply through all ASBA member banks and financial institutions approved by the Securities and Exchange Board of Nepal and their designated branch offices and also through Mero Share online. Om Megashree Pharmaceuticals Limited is the first pharmaceutical company to enter the stock market.

This pharmaceutical company is located in Bharatpur Metropolitan City Ward No. 29 in Chitwan district. The total cost of the project is 1.266 billion 3.99 billion rupees, while the cost so far is 975 billion 4.266 billion rupees. The normal investment payback period is 7.15 years.