Kathmandu. Bhagwati Composite Industries Limited (BCL) is going to issue an initial public offering (IPO) to the general public. The company is preparing to issue an IPO at a face value of Rs 100 per share at the rate of 20% of the issued capital.

Nepal Life Capital Limited has been appointed as the issue manager for the issuance of 6,44,000 units of shares.

Nepal Life Capital Limited has been appointed as the issue manager for the IPO amidst a program held at Nepal Life Capital Limited, Kamalpokhari, Kathmandu on November 26.

The agreement was signed by Mr. Manish Ghimire, Chief Executive Officer of Nepal Life Capital and Mr. Dakshina Gaire Neupane, Chairman of Bhagawati Composite Industries on behalf of their respective organizations.

Bhagawati Composite Industries Limited has been manufacturing quality industrial goods in Bharatpur, Chitwan for the past 15 years. The company aims to provide high quality, sustainable, safe and technology-friendly products in the Nepali market.