Lumbini Ceramics to launch public share offering

KATHMANDU: Lumbini Ceramics Limited is set to offer its shares to the public in the near future, following the guidelines of the existing securities registration and issuance regulations, and directives related to securities issuance and distribution.

The company will obtain necessary approvals from regulatory bodies before proceeding with the public offering.

For this process, Lumbini Ceramics has appointed Nabil Investment Banking Limited as the share issuance and sales manager.

The company’s flagship product, Laminar Tiles, is Nepal’s first and only fully vitrified tile, manufactured under the umbrella of Lumbini Ceramics Limited.

Laminar Tiles is designed to meet international quality standards, offering diverse options and high-quality tiles to the Nepali market.

The production plant is located in Guleriya, Bardiya, covering an area of 12.5 bighas.

In a recent agreement, Shree Shyam Sundar Khetan, Director of Shree Lumbini Ceramics Limited, and Mr. Manish Narayan Joshi, Chief Executive Officer of Nabil Investment Banking Limited, signed the contract, signaling the next steps in the company’s public share offering.