Club Chaulani Appoints Garima Capital as IPO Issue Manager

Club Chaulani Limited has appointed Garima Capital Limited as the issue manager for its upcoming IPO. The agreement was signed on Poush 08, 2082, at Holiday Inn Resort, Budhanilkantha, Kathmandu, by Club Chaulani Chairman Rajendra K.C. and Garima Capital CEO Nirmal Bhattarai.

Established as a private company in 2065 B.S. and converted to public limited on Poush 22, 2081, Club Chaulani plans to offer 20% of its issued capital to the public. Garima Capital, a licensed merchant banker and subsidiary of Garima Development Bank, provides services including portfolio management, demat and depository participation, mutual fund management, securities underwriting, issue management, share registrar, and corporate advisory, facilitating client services through the bank’s branch network.