Kasturi Pharmaceuticals Limited has begun preparations to launch its initial public offering (IPO). For this purpose, the company has appointed Reliable Capital Investment and Merchant Banking Limited as the issue and sales manager.
An agreement regarding the IPO issuance was signed between Chairman Prabek Khanal of Kasturi Pharmaceuticals and Grishma Chalise representing Reliable Capital.
The company plans to issue 14 lakh ordinary shares worth around NPR 16 crore to the general public. According to the company, it aims to complete the necessary procedures and launch the IPO by the upcoming month of Shrawan.
Before issuing the IPO, the company must obtain approval from the Nepal Securities Board. The company stated that the public offering process will proceed after receiving the required regulatory approval.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
