Sopan Multiple Company Limited has announced plans to issue an initial public offering (IPO) at a premium price and has called a Special General Meeting (SGM) for Jestha 27.

The meeting will include proposals to amend the company’s memorandum of association in order to revise its objectives. Along with this, the company will also present a proposal to increase its paid-up capital and make necessary amendments accordingly.

In addition, the company will formally present its plan to issue an IPO at a premium price during the meeting. The agenda also includes a proposal to grant authority to the Board of Directors to make further amendments to the memorandum and bylaws if required.

Through the proposed IPO, the company aims to strengthen its capital base and support long-term business expansion plans.