24 Aug 2024,Kathmandu
Aarti Power Company Limited is set to launch an Initial Public Offering (IPO), issuing 360,000 ordinary shares at a face value of Rs 100 each.
Aarti Power to Launch IPO
The company has appointed Global IME Capital Limited as the issuing and sales manager for this IPO. A formal agreement for the share issue was signed on Thursday at a special event held at Aarti Power’s central office in Khursanitar, Kathmandu.
The agreement was signed by Bharat Bahadur Khatri, Executive Chairman of Aarti Power, and Mandip Luintel, CEO of Global IME Capital. This step marks a significant milestone for Aarti Power, which was registered in 2072 and became a public company in 2080.
Aarti Power’s authorized capital stands at Rs 1.04 billion, with an issued and paid-up capital also totaling Rs 1.04 billion. The upcoming IPO is expected to play a crucial role in expanding the company’s capital base and increasing its market presence.
The IPO is aimed at raising funds to support the company’s growth and development plans. It offers an opportunity for the general public to invest in Aarti Power and become stakeholders in its future success. As the company moves forward with its public offering, it aims to attract a broad range of investors, further enhancing its financial stability and operational capacity.
Investors interested in participating in the IPO should keep an eye on announcements from Aarti Power and Global IME Capital for detailed information on the application process and timeline. This IPO is a strategic move for Aarti Power, reflecting its commitment to growth and its desire to engage with the wider investment community.