Nabil Investment Banking Limited Appointed as Sales And Issue Manager for IPO of Asian Concreto Limited

Asian Concreto Limited is preparing for a public share issue after receiving approval from regulatory bodies, following securities registration, and issuing regulations. The company has appointed Nabil Investment Banking Limited as the share issue and sales manager.

Asian Concreto has established itself as a leading name in Nepal's construction industry, known for using high-quality raw materials and German technology in its products, including pavers, blocks, bricks, and tiles. The company aims to expand its business from Nepal to India.

The agreement for the share issue was signed by Mr. Manish Roongta, Chairman and Managing Director of Asian Concreto, and Mr. Manish Narayan Joshi, CEO of Nabil Investment Banking Limited. The signing ceremony was attended by key company directors.