Kathmandu. Nexgen Management & Equity Solutions Limited has appointed Laxmi Sunrise Capital Limited as its issue manager for the issuance of 15,00,000 units of Initial Public Offering (IPO) of Rs 100 to the general public.
On the behalf of Nexgen Management and Equity Solutions Limited, Managing Director Ramesh Kumar Bhattarai and Chief Executive Officer of Sunrise Capital Limited Mr. Bijay Lal Shrestha signed an agreement for the IPO issuance.
Nexgen Management and Equity Solutions Limited currently has an authorized capital of Rs 100 crore and an issued capital of Rs 500 crore. The company has been earning net profit for six consecutive years since the third year of its establishment, distributed cash dividend last year and transferred the net profit to the reserve fund this year and the net worth is more than the face value of the shares.
The chairman of the company is Devendra Pratap Shah, former banker and former chairman of the Insurance Authority. The company’s shareholders Vijay Bahadur Shah and Kamal Panthi were also present on the occasion.
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