AMDU appoints Laxmi Sunrise Capital as issue manager for IPO
Summary
Annapurna Machha Dana Udyog Limited has appointed Laxmi Sunrise Capital as issue manager for its IPO, marking a significant step towards public listing and industrial expansion in Nepal's agri-processing sector.
Key Points
- Annapurna Machha Dana Udyog Limited (AMDU) appointed Laxmi Sunrise Capital Limited as issue and sales manager for its upcoming IPO.
- The IPO aims to strengthen corporate transparency, broaden ownership, and support long-term industrial growth.
- AMDU operates a modern fish feed manufacturing facility in Chitwan with advanced European technology and recognized flagship brand Matsya Roja.
- The IPO aligns with Nepal's priorities to boost domestic production, agro-industrialisation, and reduce import dependency in agriculture.
