Mechi Industries Limited has initiated preparations to issue an Initial Public Offering (IPO) to the general public. The company plans to issue a total of 15 lakh ordinary shares at a face value of Rs. 100 per share.
For the IPO process, Nepal SBI Merchant Banking Limited has been appointed as the institutional advisor and issue manager. An agreement to this effect was signed on Wednesday between Santosh Kumar Bhandari, Managing Director and CEO of Nepal SBI Merchant Banking, and Pawan Ghimire, Chairman of Mechi Industries.
Nepal SBI Merchant Banking is a wholly owned subsidiary of Nepal SBI Bank Limited and is licensed by the Securities Board of Nepal (SEBON). The institution provides services such as investment management, securities issuance, underwriting, depository participant (DP) services, and share registrar services.
Mechi Industries, based in Damak–Tarabari, Jhapa, is engaged in the production of autoclaved aerated concrete (AAC) blocks made from sand, cement, and lime.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
