Machhapuchchhre Capital Limited and Nepal Ceramic Industry Private Limited have entered into an agreement for the issuance and management of an Initial Public Offering (IPO).

Under the agreement, Machhapuchchhre Capital has been appointed as the issue and sales manager for the public issuance of 30 lakh units of ordinary shares of Nepal Ceramic Industry.

The agreement was formally signed by Chief Executive Officer Upendra Malakar on behalf of Machhapuchchhre Capital, while Chairman Shambhu Nath Jha signed on behalf of Nepal Ceramic Industry.

Machhapuchchhre Capital, a subsidiary of Machhapuchchhre Bank, is a licensed merchant banking institution under the Securities Board of Nepal. The company provides a range of services including issue management, underwriting, investment advisory, share registry, depository participation, corporate advisory, and mutual fund management.

The IPO issuance is expected to enhance the company’s capital base and provide investors an opportunity to participate in the industrial manufacturing sector.