July 13, 2022 | Investopaper
Indreni Mushroom Farm Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has appointed Muktinath Capital Limited as issue and sales manager.
The agreement for public offering was inked by Mr. Dharmendra Maharjan, chairman of Indreni Mushroom Farm and Mr. Kabindra Dhoj Joshi, CEO of Muktinath Capital Limited.
Now the company needs to submit the application to the Securities Board Of Nepal (SEBON). Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
The state-of-the-art mushroom farm is currently producing mushrooms on a daily basis with the use of new technology.