Sonapur Minerals and Oil Limited To Float Initial Public Offering (IPO)

January 24, 2021 | Investopaper

Sonapur Minerals and Oil Limited is going to float Initial Public Offering (IPO). The company has appointed NIBL Ace Capital Limited as the issue manager for the public offering.

The agreement was signed by Nipesh Tayal, Managing Director of Sonapur Minerals and Oil, Mekh Bahadur Thapa, Deputy Chief Executive Officer of NIBL Ace Capital and Sachindra Dhungana, Assistant General Manager of NIBL Ace Capital.

The company has planned to sell 2 crore unit shares to the locals and the general public. It needs to submit the application to Securities Board for the issuance of shares. Only after the approval from SEBON, the company can float the shares to the public.

Sonapur Sonapur Minerals & Oil Ltd. is the largest cement manufacturing company in western Nepal. It is spread across 100 acres of land in Bijauri, Dang.

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