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ECONOMY

NexGen Management to issue 1.5 million IPO shares

The company has appointed Laxmi Sunrise Capital as the issue and sales manager for the IPO.
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By REPUBLICA

KATHMANDU, Nov 25: NexGen Management and Equity Solutions is set to issue 1.5 million IPO shares.



The company has appointed Laxmi Sunrise Capital as the issue and sales manager for the IPO.


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A formal agreement was signed between NexGen Management’s Managing Director Ramesh Kumar Bhattarai and Laxmi Sunrise Capital’s CEO Bijaya Lal Shrestha.


NexGen Management has an authorized capital of Rs 1 billion and a paid-up capital of Rs 500 million. The company is chaired by former banker Devendra Pratap Shah.

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