KATHMANDU: Om Megashree Pharmaceuticals Limited has opened its IPO sale for general public from Tuesday. The company has opened the sale of 1.476 million units of IPO to the general public. Om Megashree’s issued capital of Rs 600 million.

Out of the 1.8 million units of ordinary shares worth Rs 180 million, 30 percent of which has been distributed to Nepali citizens employed abroad after obtaining labor permits in the first phase, 180,000 units of IPO have been distributed to Nepali citizens.

Similarly, 54,000 units of shares have been distributed to employees working in the company and 90,000 units of shares to mutual funds, and the remaining 1.476 million units of IPO have been opened for sale to the general public. Applications can be made for this IPO at a rate of Rs 100 per unit.

This is the first pharmaceutical company to enter the stock market.