NIC Asia Capital Appointed Issue and Sales Manager for Birat Agri’s Proposed IPO
Summary
NIC Asia Capital Limited has signed an agreement with Birat Agri Limited to serve as issue and sales manager for its proposed IPO. The company plans to use the funds to expand production, build processing infrastructure and strengthen its farm-to-market value chain.
Key Points
- NIC Asia Capital Limited will provide institutional advisory services and act as issue and sales manager for Birat Agri’s proposed IPO.
- The firm’s IDEA to IPO service will support Birat Agri through the public issuance process, subject to legal and regulatory approvals.
- Birat Agri operates integrated agriculture and fish farming across more than 100 hectares of reservoir area in Morang and Sunsari.
- IPO proceeds are planned for expansion, including a fish filleting and processing plant, a pellet feed plant, cold storage and packaging facilities.
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