KATHMANDU, Jan 20: Himalayan Bullion Company, which has been engaged in silver trading, is set to issue an Initial Public Offering (IPO) for the general public. The company stated that it has formally moved forward with the IPO issuance process.
The company plans to issue 1.25 million ordinary shares with a face value of Rs 100 per share, amounting to a total of Rs 125 million. Jyoti Capital has been appointed as the issue and sales manager for the IPO.
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An agreement regarding the IPO issuance was signed by Himalayan Bullion Company Chairman Bhishma Prasad Gautam and Jyoti Capital Chief Executive Officer Bikash Dhakal.
According to the company, the issued shares will be allocated to the general public (including Nepali citizens employed abroad), mutual funds, and company employees.
As per the agreement, Jyoti Capital will handle all aspects related to the IPO issuance, including overall management, coordination with regulatory bodies, required correspondence, and other technical tasks.
The company stated that the IPO will be issued soon after completing the necessary procedures in accordance with the Company Act, 2063 and the Securities Act, 2063.
