28th February 2025, Kathmandu
Pallavi Lubricants Limited is set to issue an Initial Public Offering (IPO). The company has selected Nabil Investment Banking Limited as its share issuance and sales manager. This decision marks a significant step in the company’s expansion strategy.
Pallavi Lubricants IPO Nepal
A formal agreement was signed between Pallavi Lubricants’ Chairman, Shyam Rathi, and Nabil Investment Banking’s CEO, Manish Narayan Joshi. Managing Director Arun Viyani also attended the signing ceremony. The agreement paves the way for IPO issuance after regulatory approvals.
Company’s Background
Pallavi Lubricants Limited has been in operation for the past four years. The company’s head office and manufacturing plant are located in Katahari Rural Municipality, Morang District. It has provided direct employment to 40 workers and produces around 30 high-quality lubricant products.
Growth and Expansion Goals
The company plans to utilize the IPO funds to expand production capacity and enhance its market reach. Pallavi Lubricants aims to strengthen its position in Nepal’s lubricant industry, offering high-quality products to meet increasing demand.
Regulatory Approvals and Process
The IPO issuance will comply with securities regulations and follow the necessary legal procedures. The company will seek approval from regulatory authorities before opening the IPO to the public.
Investment Opportunity for the Public
With this IPO, general investors will have a chance to own shares in Pallavi Lubricants. This move is expected to boost the company’s financial strength and long-term sustainability.
Conclusion
Pallavi Lubricants is making a strategic move to expand its business and attract new investors through its upcoming IPO. By going public, the company aims to enhance its financial strength, increase production capacity, and improve market reach.
This step is expected to boost its competitive position in Nepal’s lubricant industry, allowing it to meet the rising demand for high-quality products.
Additionally, the IPO will provide an opportunity for investors to participate in the company’s growth journey, contributing to its long-term sustainability and success in the industrial sector.
For more: Pallavi Lubricants IPO Nepal