Laxmi Techno Plast Limited is set to launch an IPO, appointed Nepal SBI Merchant Banking Limited as the Issuing and Sales manager.

Laxmi Techno Plast Limited is set to launch an Initial Public Offering (IPO) with a face value of Rs. 100 per share, adding a premium amount to the stated value for a total of 14 Lakhs Units of shares. As part of this move, the company has appointed Nepal SBI Merchant Banking Limited as the issuing and sales manager.

The agreement, signed by Laxmi Techno Plast's Managing Director Anjani Nandan Maru and Nepal SBI Merchant Banking's CEO and Chief Executive Officer Lekhnath Pokharel, appoints the bank as the issuance and sales manager.

The company specializes in the production of plastic materials such as CPVC/UPVC pipes and fittings, plastic furniture, plastic water tanks, and various household and industrial plastic products.