19 June 2024, Kathmandu
Aadar Multi Investment Company Limited is set to launch an Initial Public Offering (IPO), appointing Muktinath Capital as the sales manager for the process.
In a formal event held on June 16, Chairman Yagya Murti Neupane and Chief Executive Officer Kavindra Dhwaj Joshi represented Aadar Multi Investment Company and signed the agreement with Muktinath Capital.
The company plans to issue 53,57,400 ordinary shares, each priced at Rs. 100. This issuance represents 30% of the company’s total issued capital, amounting to Rs. 1 billion, 78 crore, and 58 lakh.
The share capital raised through this IPO will be Rs. 53 crore, 57 lakh, and 40 thousand.
Aadar Multi Investment Company’s IPO marks a significant step in its growth strategy, aiming to attract a wide range of investors and enhance its market presence.
The funds raised are expected to bolster the company’s financial position and support its future expansion plans.
