KATHMANDU, Feb 4: Lumbini Ceramics Limited, the manufacturer of Laminar Tiles, has announced plans to issue an Initial Public Offering (IPO) to the general public within the next six months. The company will launch the IPO after receiving regulatory approvals in line with securities registration and issuance guidelines, said the company in a press statement.
Likewise, the company has appointed Nabil Investment Banking Limited as the share issuance and sale manager for the share issuance.
Lumbini Ceramics sparks employment and hope in Bardiya
The agreement was signed last week by Shyam Sundar Khaitan, the company's director, on behalf of Lumbini Ceramics Limited, and Manish Narayan Joshi, the CEO, on behalf of Nabil Investment Banking Limited.
According to the press release, the company Chairman Subrata Dhital said, "We are confident that this IPO will further accelerate our business expansion. This will prove to be an important milestone in our journey to strengthen industrial management by continuously improving quality and innovation."
The company started operations last year with the main objective of meeting international quality standards, providing diverse options and providing high-quality tiles to Nepali consumers through production, the statement further read.
Laminar tiles are being produced at a production center spread over 12.5 bighas of land in Gularia, Bardiya.
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