Hulas Finserv Hire Purchase announces IPO partnership with NMB Capital

KATHMANDU: Hulas Finserv Hire Purchase, a leading hire purchase company licensed by Nepal Rastra Bank, has announced partnership with NMB Capital, a prominent merchant bank in Nepal. This collaboration is set to facilitate the public issuance of 2,075,000 ordinary shares.

The company is gearing up to launch its Initial Public Offering (IPO) of ordinary shares, with NMB Capital appointed as the issue manager to oversee the process. The IPO agreement was formalised with signatures from Shekhar Golchha, Chairman of Hulas Finserv, and Deepesh Kumar Vaidya, CEO of NMB Capital.

Expressing his enthusiasm, Chairman Golchha stated, "We are thrilled to announce that Hulas Finserv is preparing for the IPO of its ordinary shares. We are pleased to partner with NMB Capital as our trusted Issue Manager. Their expertise and insights will be invaluable as we embark on this exciting journey towards our IPO. This partnership highlights our commitment to creating value for our stakeholders."

NMB Capital CEO Vaidya added, "NMB Capital is honoured to be chosen as the Issue Manager for Hulas Finserv Hire Purchase’s IPO. Our team is committed to leveraging our industry knowledge and strategic insights to ensure a smooth and successful public offering for Hulas Finserv."