Purwanchal Lube Oil (PLO) To Issue IPO; Prabhu Capital Limited Appointed as Issue and Sales Manager

Purwanchal Lube Oil (PLO) is set to issue 500,000 equity shares - (IPO) to the general public and Prabhu Capital Limited has been appointed as the share issue and sales manager.

The contract between the two parties was completed on Magh 18, 2079. Mr. Bholeshwar Dulal, Managing Director on behalf of Purwanchal Lube Oil and Mr. Dinesh Thakali, Managing Director on behalf of Prabhu Capital signed the agreement.

Purwanchal Lube Oil (PLO), a leading lubricant in the Nepali market, was launched in 2000 by Purwanchal Lube Oil Pvt Ltd. The company manufactures Engine Oil, Lubricants, Grease, and other petroleum products and has been distributing its production and sales for the past 23 years. At present, there are more than 93 dealers and more than 11,000 retailers across Nepal, introducing various brands of imported lubricants.