KATHMANDU, Jan 6: Jasmine Paints Limited is set to issue an Initial Public Offering (IPO) valued at over Rs 50 million.
The company plans to issue 500,000 shares, each with a face value of Rs 100, amounting to a total of Rs 50 million.
Purwanchal Lube Oil to issue IPO
Sanima Capital Limited has been appointed as the issue manager for the IPO. The agreement was signed by Executive Chairman Laxman Prasad Aryal of Jasmine Paints Limited and Chief Executive Officer Bhishma Raj Chalise of Sanima Capital Limited.
Jasmine Paints Limited, a leading paint manufacturing company under the Manakamana Group, has been a significant player in the industry for over 30 years. The company has been expanding its business and market presence by producing high-quality paints using modern technology.
