Kathmandu. Vision Lumbini Limited has appointed Muktinath Capital Limited as the issue manager to proceed with the initial public offering (IPO) process with an aim to involve the public in the ownership of the company.

Mr. Jagat Bahadur Pokharel, Chairman of Vision Lumbini Pvt. Ltd. and Mr. Kabindra Dhoj Joshi, CEO of Muktinath Capital signed the MOU.

The company will issue 12,50,000 units of ordinary shares at a face value of Rs 100 per share.

Vision Lumbini is a public investment company that has been continuously contributing to the development and expansion of Nepal’s investment sector.

The company has been identifying, studying, analyzing and promoting investment opportunities in the productive and processing sectors, including energy, transportation, communication, agriculture, tourism, information technology, and mineral exploration. The company’s goal is to make the national economy strong and self-reliant by exploring new possibilities of investment through the effective mobilization of domestic capital and resources. In line with this objective, the company has been prioritizing long-term investment strategy, business management and modern technology.

The company has been investing especially in hydropower and renewable energy, agriculture and other productive sectors. In the future, it aims to expand its investment in new and potential projects to contribute to national capital formation, job creation and economic development of Nepal.