IME Limited To Float 10 Lakh Shares In IPO | Application Submitted To SEBON
July 17, 2023 | Investopaper
IME Limited is planning to issue shares to the general public (IPO). For this purpose, the company has submitted the application to the Securities Board Of Nepal (SEBON) on Ashad 29, 2080 BS seeking permission to float the shares. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
If approved by SEBON, the company plans to sell 10 lakh shares to the public. This is 10 percent of the total issued capital of the company.
The 22nd Annual General Meeting (AGM) of the company held on Mangsir 16, 2079 BS has already endorsed the agenda of issuing IPO.
The company has appointed Prabhu Capital Limited as the issue and sales manager. An agreement has been reached between the company and Prabhu Capital on this regard. The agreement was signed by Khilendra Poundel, Chief Executive Officer Of IME Limited and Ashish Gauchan, CEO of Prabhu Capital Limited.
IME Limited provides remittance services from more than 200 countries and networks spanned over 1 million locations around the world.
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