Check Sarbottam Cement Limited IPO Result:iporesult.cdsc.com.np

Today, on the 25th of Falgun, 2080, Sarbottam Cement Limited wrapped up its Initial Public Offering (IPO) at the offices of Global IME Capital Limited in Naxal.

During the initial phase of issuance, the company set aside 267,000 units for Nepalese citizens employed abroad, along with 930,000 units for locals affected by industry in Nawalparasi and mine excavation in Palpa. However, only 248,470 units were claimed by valid applicants, leaving 487,910 shares unclaimed. These were then made available to the general public, bringing the total units up for grabs to 3,084,530. Among these, 154,227 units each were reserved for mutual funds and company employees, leaving 2,776,076 units for the general public.

The IPO garnered interest from 958,959 valid applicants, who collectively applied for 50,538,310 units – marking an oversubscription of over 18.20 times.

Following the allotment process, 55,521 applicants were chosen via lottery to receive 50 units each, while 26 lucky applicants got an extra unit. Unfortunately, 903,438 applicants went empty-handed.

Sarbottam Cement Limited – Check the iPO result status on the website of CDSC https://iporesult.cdsc.com.np/   

Step 1: Visit the link: https://iporesult.cdsc.com.np/ Cdsc official website.       

Step 2:  In the dropdown menu select ‘company’ for issue type       

Step 3: Now, select the name of the IPO, which is ‘Sarbottam Cement Limited’ in this case       

Step 4: Here, you will be asked to verify application number & Dmat number       

Step 5: Hit search button and you are good to go. You can see your IPO allotment on the screen