Kathmandu, April 26: Prabhu Capital Limited has been appointed as the manager of IME Limited’s IPO issue and sale.
In a program held on Tuesday at the headquarters of IME Limited in Panipokhari, Chief Executive Officer of IME Limited, Khilendra Paudel and Chief Executive Officer of Prabhu Capital, Ashish Gauchan, signed an agreement regarding the appointment of issue and sales manager.
IME Ltd has decided to issue 1 million shares of ordinary shares (IPO) to the general public, which will be 10 percent of its Rs 1 billion issued capital.
IME has been working as a remittance service provider for 22 years. IME Ltd. has been repeatedly awarded the ‘Thula Kardata Samman’ or Higher Tax Payer Award among remittance business companies.
IME Group has been converting its investment companies into public companies in recent times.
