Sunrise Holdings Limited to Issue IPO

Sunrise Holdings Limited is set to issue an Initial Public Offering (IPO) for the general public. The company will float 2.4 million ordinary shares at a face value of NPR 100 per share, amounting to a total of NPR 240 million.

For the issuance process, the company has appointed Laxmi Sunrise Capital Limited as the issue manager. An agreement was signed between Mr. Bijay Lal Shrestha, Chief Executive Officer of Laxmi Sunrise Capital Limited, and Mr. Bikash Silwal, Chief Executive Officer of Sunrise Holdings Limited.

Established in 2014 (2071 B.S.), Sunrise Holdings Limited is an investment company primarily focused on sectors such as hydropower, transportation, tourism, and agriculture. The company stated that the IPO aims to raise funds to expand investments in high-return sectors identified for future growth.