Pallavi Lubricants Appoints Nabil Investment as IPO Issue Manager

Pallavi Lubricants Ltd., based in Katahari-4, Morang, is set to issue its Initial Public Offering (IPO) upon obtaining necessary regulatory approvals. The company has appointed Nabil Investment Banking Ltd. as the issue manager.

Operating for the past four years, Pallavi Lubricants has a manufacturing plant in Morang, employing 40 staff and producing 30+ high-quality lubricant products, including GOODRIDE SUPER SJ SAE 20W-40 API SJ and GOODRIDE 4T SAE 20W-40 API SL.

The IPO agreement was signed by Chairman Shyam Rathi and CEO Manish Narayan Joshi of Nabil Investment Banking, with Managing Director Arun Viyani also present at the event.