Expect one more big investment opportunity  soon; Sonapur Minerals and Oil appoints NIBL Capital as issue manager for its upcoming IPO

Sonapur Minerals and Oil Limited has appointed NIBL Ace Capital Limited as its issue manager for IPO (Initial Public Offering) issuance. It is the largest cement manufacturer in the Western Nepal which is located in Dang district; this company owns high quality of limestone mines.

The agreement for the same was signed on January 20, 2021 between Mr. Nipesh Tayal (Managing Director, Sonapur Minerals and Oil Ltd.), Mr. Mekh Bahadur Thapa (Deputy Chief Executive Officer, NIBL Ace Capital Ltd.) and Mr. Sachindra Dhungana (Assistant General Manager, NIBL Ace Capital Ltd.).  The company will be issuing 2 crore units of ordinary shares to the local and general public.