Sopan Multiple Company Limited Appoints NMB Capital Limited as IPO Issue Manager

Sopan Multiple Company Limited has appointed NMB Capital Limited as the issue manager for their upcoming IPO, which is to be issued at a premium.

The agreement was signed by Dr. Tara Prasad Pokhrel, President of Sopan Multiple, and CEO Deepesh Kumar Vaidya of NMB Capital Limited on the 18th of Baishakh.

The IPO, priced at Rs. 207 per share (including a Rs. 107 premium over the face value of Rs. 100), will be proposed at the company's 15th annual general meeting scheduled for Baishakh 22.

The company plans to increase its paid-up capital to Rs 1 Arba 45 Crore 75 lakhs, with 80% held by the founders and 20% offered to the public under the agreement.

Sopan Multiple, a holding company of the Mahato Group, is actively expanding its investments in education, health, hydropower, real estate, and infrastructure. Key investments include several engineering colleges, Sopan Pharmaceuticals, and multiple hydropower companies.

Sopan Pharmaceuticals is preparing to apply for IPO issuance to the Securities Board. The initiative is part of the company's strategy to strengthen its governance and encourage participatory investment since its establishment as a public limited company.