Bhagwati Composite Industries plans IPO of 20% equity
The company plans to issue 644,000 shares through Nepal Life Capital Limited, which has been appointed as the issue and sales manager.
KATHMANDU: Bhagwati Composite Industries Limited is set to issue an Initial Public Offering (IPO) at a rate of 20% of its paid-up capital, with a face value of Rs 100 per share.
The company plans to issue 644,000 shares through Nepal Life Capital Limited, which has been appointed as the issue and sales manager.
The appointment was formalized today, Wednesday, Mangsir 10, at Nepal Life Capital’s office in Kamalpokhari.
The agreement was signed by Bhagwati Composite Industries Limited Chairman Mr. Dakshina Gaihre Nyaupane and Nepal Life Capital CEO Mr. Manish Ghimire.
Established 15 years ago in Bharatpur, Chitwan, Bhagwati Composite Industries has been producing high-quality industrial products using advanced technology.
The company focuses on delivering durable, safe, and environmentally friendly products to the Nepali market.
Its product portfolio includes covers based on Sheet Molding Compound (SMC) technology, high-density WPC hollow doors, partition boards, wall caddings, and panels that are water, termite, sun, and cold resistant, designed for long-lasting use.
Under Fiber Reinforced Plastic (FRP) technology, the company manufactures high-quality doors, windows, frames, fiber seats, fiber bathtubs, fiber slides, and other fiber products.
Nepal Life Capital Limited, a subsidiary of Nepal Life Insurance Company Limited, is a licensed merchant banking institution authorized by the Securities Board of Nepal to provide investment management, securities underwriting, depositary services, institutional advisory, share registration, and issue and sales management services.
