Lumbini Ceramics, the manufacturer of Laminar Tiles, announces IPO issuance
Nabil Investment Banking Limited has been mandated with the tasks relating to the issuance of IPO.
KATHMANDU: Lumbini Ceramics Limited, the manufacturer of Nepal’s first and only 100% vitrified tiles, Laminar Tiles, has announced the issuance of an Initial Public Offering (IPO) for the general public in Nepal.
The company has stated that it aims to launch the IPO within the next six months after obtaining the necessary approvals from the regulatory authorities in accordance with existing securities registration and issuance regulations as well as guidelines for securities issuance and allocation.
Nabil Investment Banking Limited has been mandated with the tasks relating to the issuance of IPO.
Last week, an agreement was signed between Shyam Sundar Khetan, a director of Lumbini Ceramics Limited, and Manish Narayan Joshi, the Chief Executive Officer (CEO) of Nabil Investment Banking Limited to this effect.
“Laminar Tiles has been widely embraced in the market as a 100% vitrified tiles brand,” said Subrat Dhital, Chairman of Lumbini Ceramics Limited. “We believe this IPO will accelerate our business expansion. It will serve as a significant milestone in our journey to strengthen industrial management while continuously improving quality and innovation.”
The company began operations last year with the primary goal of providing international-standard tiles to Nepali consumers, offering diverse options, and ensuring high-quality products.
Laminar Tiles are being manufactured at a state-of-the-art production facility with European-grade technology located in Gulariya, Bardiya, spread across 12.5 bighas of land.
With approximately 99.92% water resistance, Laminar Tiles are three times more durable than ceramic and other conventional tiles due to their high-quality raw materials and superior production process.
