Skip to content
|Loading...
Share Gyan home
EBook

Genesis Ventures Signs Agreement with Laxmi Sunrise Capital for 2.5 Million Units IPO

Laxmi Sunrise Capital has been appointed as the issue manager for Genesis Ventures’ upcoming IPO of 2.5 million shares.

Published By Share Gyan
Genesis Ventures Signs Agreement with Laxmi Sunrise Capital for 2.5 Million Units IPO

Laxmi Sunrise Capital Limited and Genesis Ventures Limited have officially signed an agreement for the management of the latter's upcoming Initial Public Offering (IPO). According to the agreement, Laxmi Sunrise Capital will serve as the issue and sales manager for the public issuance of 2.5 million (25 lakh) units of ordinary shares to be floated by Genesis Ventures. The memorandum of understanding (MoU) was signed by Bijaya Lal Shrestha, Chief Executive Officer of Laxmi Sunrise Capital, and Anuj Rathi, Chairman of Genesis Ventures, in the presence of senior officials from both organizations. With this partnership, Laxmi Sunrise Capital will oversee the entire IPO issuance process, regulatory coordination, and public sale management. Both entities have hailed this collaboration as a significant milestone toward expanding Nepal's capital market and creating fresh investment opportunities for the general public. Genesis Ventures is a private market-focused investment firm that specializes in unlisted equity opportunities, prioritizing high-growth sectors and businesses focused on long-term value creation. According to the company, the capital raised from the proposed IPO will be utilized for future strategic expansion plans, identifying new investment avenues, and business growth. This IPO is being closely watched as private equity and investment firms increasingly participate in Nepal's capital market.

Related News

Ashutosh Energy Receives SEBON Approval to Issue 1.2 Million IPO Shares

The Securities Board of Nepal (SEBON) has approved Ashutosh Energy Limited to issue 1.2 million ordinary shares at a face value of Rs. 100 per share, paving the way for the company's initial public offering (IPO).

Egypt Raises Over $650 Million from Bank of Cairo’s Record-Breaking IPO

Egypt has raised more than $650 million by selling a 45% stake in Bank of Cairo through an Initial Public Offering (IPO), marking the largest IPO in the history of the Egyptian stock market, according to the government.

Him Parbat Hydropower IPO Opens Today for Project-Affected Locals and Nepalis Abroad

Him Parbat Hydropower Limited has opened its IPO for project-affected local residents of Dolakha and Nepalis working abroad, offering shares at a face value of Rs. 100 per share.

Beni Hydropower Makes Stock Market Debut at Rs 273 per Share

Beni Hydropower Project Limited (BENH) recorded its first share transaction at Rs 273 per share during Thursday’s special pre-open session on the Nepal Stock Exchange (NEPSE). The company’s shares became eligible for regular market trading following the successful opening transaction.

Him Parbet Hydropower to Open IPO for Locals and Nepalis Working Abroad

Him Parbet Hydropower Limited will open its IPO on Kartik 11 for project-affected residents of Dolakha and Nepalis working abroad, offering shares at a face value of Rs. 100 each.

Doleshwor Village Resort Proposes IPO of 16.20 Lakh Shares

Doleshwor Village Resort and Farm House Limited has proposed issuing 16.20 lakh ordinary shares, representing 30% of its issued capital, to the general public.