NIBL Ace Capital Limited has been appointed as issue manager for the IPO issuance of Sonapur Minerals and Oil Limited

Sonapur Minerals and Oil Limited has appointed NIBL Ace Capital Limited as its issue manager for
IPO (Initial Public Offering) issuance. It is the largest cement manufacturer in the Western Nepal which is located in Dang district; this company owns the high quality of limestone mines.

The agreement for the same was signed on January 20, 2021 between Mr. Nipesh Tayal (Managing Director, Sonapur Minerals and Oil Ltd.), Mr. Mekh Bahadur Thapa (Deputy Chief Executive Officer,NIBL Ace Capital Ltd.) and Mr. Sachindra Dhungana (Assistant General Manager, NIBL Ace Capital Ltd.). The company will be issuing 2 crore units of ordinary shares to the local and general public.

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