December 22, 2023 | Investopaper
Prabhu Helicopter Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has appointed Muktinath Capital Limited as the issue and sales manager.
An agreement has been reached between the company and Muktinath Capital on this regard. The agreement was signed by Subhash Amatya, Managing Director of Prabhu Helicopter and Kavindradhwaj Joshi, Chief Executive Officer of Muktinath Capital.
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.
The company plans to sell 6.60 lakh shares at Rs. 100 in the public offering (IPO).
About Prabhu Helicopter Limited
Prabhu Helicopter Limited has been providing services with helicopters such as the H125 manufactured by Airbus and the Robinson R66 manufactured by the American Robinson Helicopter Company.