Jasmine Paints Appoints Sanima Capital as Issue Manager for IPO

Jasmine Paints Limited has appointed Sanima Capital Limited as the issue manager for its upcoming Initial Public Offering (IPO). The company plans to issue 500,000 ordinary shares at a face value of Rs. 100 per share, amounting to a total of Rs. 5 crore.

An agreement was signed between Mr. Laxman Prasad Aryal, Executive Chairman of Jasmine Paints, and Mr. Bhisma Raj Chalise, CEO of Sanima Capital.

Jasmine Paints Limited, a part of the Manakamana Group, has been a leading paint manufacturer in Nepal for over 30 years. The company specializes in producing paints using advanced technology, consistently expanding its operations and market presence.