Nepal Payment Solutions Limited to announce IPO

Nepal Payment Solutions Limited has announced its Initial Public Offering (IPO), appointing Laxmi Sunrise Capital as the issue manager and sales manager for the IPO process. The agreement between the two companies was signed, with Lok Raj Sharma, the Chief Executive Officer of Nepal Payment Solutions, and Bijay Lal Shrestha, the Chief Executive Officer of Laxmi Sunrise Capital, signing the memorandum.

The company has prepared to issue 3,05,600 ordinary shares at a par value of NPR 100 per share for the general public.

Nepal Payment Solutions is recognized for its role in domestic clearing and settlement through the approval received from the Payment Systems Department of Nepal Rastra Bank.