NIBL Ace Capital appointed as issue manager for the IPO

Kathmandu, Jan 22. Sonapur Minerals and Oil Limitedhas appointed NIBL Ace Capital Limited as its issue manager for IPO(Initial Public Offering) issuance. It is the largest cement manufacturer in the Western Nepal which is located in Dangdistrict; this companyowns thehigh quality of limestone mines.

The agreement for the same was signed on January 20, 2021 between Mr. NipeshTayal(Managing Director,Sonapur Minerals and Oil Ltd.), Mr.MekhBahadurThapa(Deputy Chief Executive Officer,NIBL Ace Capital Ltd.) and Mr. SachindraDhungana (Assistant General Manager, NIBL Ace Capital Ltd.). The company will be issuing 2 crore units of ordinary shares to the local and general public.