Amudi Foods Limited to Issue IPO

As new companies continue to enter the stock market, Amudi Foods Limited is set to issue 2 million ordinary shares (IPO) to the general public. The company will issue the shares at a face value of NPR 100 per share and has appointed Global IME Capital Limited as the issue and sales manager.

The agreement regarding this appointment was signed on Monday at the central office of Global IME Capital in Naxal. The agreement was signed by Achyut Basnet, Chairman of Amudi Foods, and Mandeep Luintel, Chief Executive Officer of Global IME Capital.

Amudi Foods’ corporate office is located in Koteshwor, Kathmandu, while its manufacturing plant is situated in Bharatpur, Chitwan. The company produces various snack brands and has investments from experienced entrepreneurs, industrialists, and academicians from diverse sectors.