Riddhisiddhi Cement Limited to Issue IPO for the General Public

Riddhisiddhi Cement Limited is preparing to issue an Initial Public Offering (IPO) for the general public. A meeting of the company's board of directors held on the 3rd of Shrawan decided to pass the proposal to change the percentage of the IPO through a special general meeting.

The company has not yet disclosed the percentage of the IPO to be issued to the public. The special general meeting is scheduled to be held at the company's corporate office in Thapathali, Kathmandu, on the 19th of Shrawan at 11 AM.

In this meeting, along with the IPO proposal, the proposals for increasing the issued and paid-up capital will also be approved.

Through this IPO, the company aims to raise additional capital. Detailed information about the IPO will be made public only after the special general meeting.

This decision by Riddhisiddhi Cement Limited has sparked interest in the market and will provide the general public with an investment opportunity.