Venture Hire Purchase to Issue 1.1 Million Shares Through IPO

Kathmandu — Venture Hire Purchase Limited has initiated the process to issue an Initial Public Offering (IPO). The company has submitted an application to the Securities Board of Nepal (SEBON) seeking approval to issue the shares.According to the proposal, the company plans to issue a total of 1.1 million ordinary shares with a face value of Rs 100 per share. Through this IPO, the company aims to raise Rs 110 million from the public.The company will proceed with the public issuance once it receives approval from the regulatory authority.Global IME Capital Limited has been appointed as the issue manager for the IPO.