Music Nepal To Issue IPO | Appoints NIC Asia Capital As Issue & Sales Manager

August 7, 2022 | Investopaper

Music Nepal Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has appointed NIC Asia Capital Limited as issue and sales manager.

The agreement was signed by Ramendra Raymaghi, Chief Executive Officer of NIC Asia Capital and Uttam Thapa , General Manager of Music Nepal Limited.

Now the company needs to submit the application to the Securities Board Of Nepal (SEBON) after completing the necessary procedures. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.

In the context of Nepal, Music Nepal is the first company of its kind to issue an IPO to the general public.


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