Laxmi Techno Plast Appoints Nepal SBI Capital as IPO Sales Manager
Tue, Jan 30, 2024 10:47 AM on Latest, IPO/FPO News,
Laxmi Techno Plast Limited (LTPL) aims to issue an IPO to the general public, offering 1,400,000 units of shares with a face value of Rs. 100 each. The total value, excluding the premium amount, is Rs. 14,000,000 (fourteen crores only).
Nepal SBI Merchant Banking Limited (NSMBL) has been appointed as the issue and sales manager for the IPO. The agreement was signed by Mr. Anjani Nandan Maru, Managing Director of Laxmi Techno Plast Limited, and Mr. Lekhnath Pokhrel, Managing Director and Chief Executive Officer of Nepal SBI Merchant Banking Limited.
The company is the sole manufacturing industry in Nepal producing a diverse range of plastic materials, including CPVC pipes, plastic furniture, water tanks, buckets, and household products like dustbins, airtight jars, and melamine tableware such as plates and bowls.
