We have analysis of Opening Range of Ghorahi Cement Industry ltd. It is second cement company issuing IPO in Nepal after SHIVAM Cement.
Opening Range of Ghorahi Cement Industry
Following are the detail information.
About Company
Ghorai Cement Industry Limited (GCIL) was incorporated in 6th August, 2009. The industry is located at Dang Valley of Western Nepal. It is presently engaged in manufacturing and selling cement with a clinker capacity of 1,900 MTPD and a grinding capacity of 2,200. The company has five directors on its board and is chaired by Mr. Purshottam Lal Sanghai. all other director are also well experienced in the field of cement industry.
issuing its IPO to the project-affected locals of Dang District and Nepalese citizens working abroad from today i.e. on 19th Baisakh to 2nd Jestha, 2080. But none of the local people apply for the IPO so far.
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Opening Range
Opening Range of the company depends upon the audited financial statement of recent fiscal year. So, the book value of the company as per FY 2078/79 is Rs. 226.61. Hence, the opening range of the company will be Rs. 226.61 to Rs. 679.83.
Himalayan Capital Limited and Nabil Investment Banking Limited share price is the issue manager. Similarly, the company has got BBB- rating for issuing IPO from ICRA Nepal. It is considered that company has moderate credit risk.
More Information About IPO
Following are the Detail Information.
| Particulars | Information |
|---|---|
| Total Capital after IPO | Rs. 3,971,900,600.00 |
| Promoters Shareholders | Rs. 3,177,520,500.00 |
| General Public (Including Locals and Nepalese citizens working abroad) | Rs. 794,380,100.00 |
| Mr. Purshottam Lal Sanghai | Chairman |
| ICRA Nepal Rating | BBB- |
| Reserve and Surplus | Rs. 4,022,920,000 |
| Debt | Rs. 7,548,182,000 |
| Revenue | Rs. 4,801,531,000 |
| Net profit | Rs. 216,100,000 |
| EPS | Rs. 6.81 |
| Net Worth Per Share | Rs. 226.61 |
Note: Data are taken from the audited financial statement of FY 2078/79.
Other Important Links:
a. EPS of Commercial Bank: CLICK HERE
b. Top 10 commercial Bank: CLICK HERE
Frequently Asked Questions.
a. Issue manager of Ghorahi Cement Industry for issuing IPO.
= Himalayan Capital Limited and Nabil Investment Banking Limited is the issue manager for issuing IPL.
b. EPS of Ghorahi Cement Industry?
= Rs. 6.81 is the EPS of Ghorahi Cement Industry as per FY 2078/79. But According to the second Quarter Report of FY 2079/80, EPS is Rs. 0.50.
c. Opening Range of Ghorahi Cement Industry?
= The book value of the company as per FY 2078/79 is Rs. 226.61. Hence, the opening range of the company will be Rs. 226.61 to Rs. 679.83.
