Kathmandu: The 22nd Annual General Meeting of IME Limited has passed the proposal to take the company to initial public offering (IPO). The general meeting of IME, Nepal’s first remittance company, held on Friday in Kathmandu approved the proposal to issue shares for the public.
On the occasion, Chairman and founder of IME Group, Chandra Prasad Dhakal, recalled that 23 years ago, IME was established on a small scale despite the suggestions and advice of many well-wishers that the task of bringing in foreign currency from the private sector to Nepal was very difficult and challenging.
Chairman Dhakal said that he is very happy to be the first public remittance company with an IPO among consumers and expressed his gratitude to all those who have supported IME in its business journey so far.
Hemraj Dhakal, co-founder and managing director of IME Limited, said that the world has now entered the digital age and said that the company had been taken public to make it more energetic, transparent and expand its business horizon in the competitive market.
Nepal’s largest remittance company, IME Limited, is going to issue primary shares for the general public at the earliest.
Chief Executive Officer of IME Khilendra Poudel said that the company will issue an IPO soon. For this process, the Company will appoint a share issue and sales manager and submit an application to the regulatory Securities Board of Nepal.
This process will advance as soon as the approval is received from the concerned regulatory body, said the press statement of the company.
