Bhagwati Composite Industries to Issue IPO; Nepal Life Capital Appointed as Issue Manager
Summary
Bhagwati Composite Industries Limited is set to issue an IPO of 6,44,000 shares at Rs. 100 per share with Nepal Life Capital as the issue manager. The company produces durable industrial goods in Bharatpur, Chitwan.
Key Points
- Bhagwati Composite Industries Limited plans to issue an IPO at Rs. 100 per share for 6,44,000 shares.
- This IPO represents 20% of Bhagwati Composite Industries' issued capital.
- Nepal Life Capital Limited has been appointed as the issue and sales manager for the IPO.
- Bhagwati Composite Industries produces industrial goods like SMC covers, WPC doors, partition boards, and fiber-reinforced plastic items.
- Nepal Life Capital Limited is a licensed merchant banking institution and a subsidiary of Nepal Life Insurance.
