Laxmi Techno Plast Appoints Nepal SBI Merchant as IPO Issue Manager

KATHMANDU: Laxmi Techno Plast Limited plans to issue ordinary shares (IPO).

The company plans to issue 1.4 million shares worth Rs 140 million at a price of Rs 100 per share. Nepal SBI Merchant Banking has been designated as the issue and sales manager.

Anjani Nandan Maru, Managing Director for Laxmi Techno Plast, and Lekhnath Pokhrel, Managing Director and Chief Executive Officer for Nepal SBI Merchant Banking, inked the deal.

Laxmi Techno Plast was established as a Private Company Limited on 5 October , 2015, and was later transformed into a Public Limited Company under the Companies Act of 2063.

The company produces plastic materials such as CPVC/PVC pipes and fittings, plastic furniture, plastic water troughs, industrial and household plastic buckets, plastic household products such as dustbins, air-tight jars, soap bar boxes, fridge stands, melamine tableware (plastic plates, bowls, spoons, etc.).