सिंहदरबार संवाददाता
Kathmandu. Lumbini Ceramics Limited, a manufacturer of laminar tiles, has announced that it will issue primary shares to the Nepali general public. Nabil Investment Banking Limited has been appointed as the share issuance and sale manager for the share issuance.
The company informed that it aims to issue the IPO within the next 6 months after obtaining the necessary approvals from the regulatory bodies in accordance with the provisions of the existing securities registration and issuance regulations and securities issuance and distribution guidelines. The agreement, signed last week, was signed by Shyam Sundar Khaitan, Director of Lumbini Ceramics Limited, and Manish Narayan Joshi, Chief Executive Officer, Nabil Investment Banking Limited.
“Laminar Tiles is widely preferred in the market as a 100% vitrified tiles brand,” said Subrata Dhital, Chairman of the company. “We believe that this IPO will further accelerate our business expansion. This will prove to be an important milestone in our journey to strengthen industrial management by continuously improving quality and innovation.”
The company started operations last year with the main objective of meeting international quality standards, providing diverse options and providing high-quality tiles to Nepali consumers through its products. Laminar tiles are being produced at a state-of-the-art European-quality production center spread over 12.5 bighas of land in Gularia, Bardiya.
Laminar tiles, which are up to 99.92 percent waterproof, are up to three times more durable than other tiles, including ceramic, due to the use of high-quality production processes and raw materials.
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