IPO Proposal in Pipeline: MNBBL's Associate Company Muktinath Krishi Company Wishes to Issue 4 Lakh Shares

The IPO proposal of Muktinath Krishi Company Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 4,00,000 shares. This will raise Rs. 4 crores for the company.

The application was submitted on Falgun 20. Mega Capital has been appointed the issue manager for the public offering.

Muktinath Krishi Company Limited is an associate company of Muktinath Bikash Bank Limited. Established with an authorized capital of Rs. 1 billion and a paid-up capital of Rs. 400 million, the company is promoted by Muktinath Bikash Bank and a group of intellectuals, businessmen, and banking professionals.

Supply of quality Agri-Inputs, establishment of Agri-Market Center, consultative service in agriculture, and Research & Development are the objectives of the company.