Kathmandu. Bhagawati Composite Industries Limited is issuing an initial public offering (IPO) of 20 percent of its issued capital at Rs 100 per share. Nepal Life Capital Limited has been appointed as the issue manager for the IPO issuance of 6,44,000 units.
Nepal Life Capital Limited has been appointed as the issue manager for the IPO amidst a program held at Kathmandu on November 26, 2018. The agreement was signed by the Chairman of Bhagawati Composite Industries Limited Dakshina Gaire Neupane and Chief Executive Officer of Nepal Life Capital Manish Ghimire.
Bhagawati Composite Industries Limited has been manufacturing quality industrial goods in Bharatpur, Chitwan for the past 15 years. The company aims to provide high quality, sustainable, safe and technology-friendly products in the Nepali market. Covers based on state-of-the-art Sheet Molding Compound (SMC) technology, WPC High Density Hollow Door Partition Board and Wall Cading, Wall Panels that are resistant to water, insects, sunlight and moisture, are excellent in terms of durability, strength, durable and suitable for long-term use.
Under Fiber Reinforced Plastic Technology, doors, windows, door-window frames, fiber sheets, fiber bathtubs, fiber slides and all other types of fiber products are produced in high quality.
Nepal Life Capital, a subsidiary of Nepal Life Insurance Company, is a merchant banking company licensed by the Securities Board of India to provide financial assistance to the customers of Nepal Life Insurance, namely, Investment Management, Deposit Member Service, Scheme Manager, Depository Service, Corporate Consultancy, Share Registration and IPO and Sale Management.
