February 4, Kathmandu
Lumbini Ceramics Limited, the manufacturer of Laminar Tiles, has announced the issuance of an Initial Public Offering (IPO) for the general public in Nepal.
The company has stated that it aims to launch the IPO within the next six months after obtaining the necessary approvals from the regulatory authorities in accordance with existing securities registration and issuance regulations as well as guidelines for securities issuance and allocation.
Nabil Investment Banking Limited has been mandated with the tasks relating to the issuance of IPO.
Last week, an agreement was signed between Shyam Sundar Khetan, a director of Lumbini Ceramics Limited, and Manish Narayan Joshi, the Chief Executive Officer (CEO) of Nabil Investment Banking Limited to this effect.
“Laminar Tiles has been widely embraced in the market as a 100% vitrified tiles brand,” said Subrat Dhital, Chairman of Lumbini Ceramics Limited. “We believe this IPO will accelerate our business expansion. It will serve as a significant milestone in our journey to strengthen industrial management while continuously improving quality and innovation.”
