Aadar Multi Investment Company Appoints Muktinath Capital as Issue Manager for IPO

Wed, Jun 19, 2024 8:38 AM on Latest, IPO/FPO News, Corporate,

Aadar Multi Investment Company Limited has decided to issue an Initial Public Offering (IPO) of ordinary shares, with Muktinath Capital appointed as the issue manager for the process.

The agreement was signed on Ashadh 2, 2081, by Mr. Yagya Murti Neupane, Chairman of Aadar Multi Investment Company, and Mr. Kabindra Dhoj Joshi, CEO of Muktinath Capital.

The IPO will offer 53,57,400 shares at Rs. 100 each to the public, constituting 30.5% of the company's total authorized capital of Rs. 1 Arba 78 crore 58 lakhs.

Aadar Multi Investment Company Limited, established as a joint venture among merchants trading in Chinese goods, aims to address increasing business sector challenges by enhancing investment opportunities.

The company has already acquired over 36 plots of land in Balkhu, where it has constructed a commercial building housing 2,152 shops, with over 865 shops already completed. Plans include investments in financial infrastructure and hydropower projects.