Lumbini Ceramics announces IPO issuance for Laminar Tiles

KATHMANDU: Lumbini Ceramics, manufacturer of Laminar Tiles — Nepal's first and only 100% vitrified tiles — has announced the issuance of an Initial Public Offering (IPO) for the general public.

The company plans to launch the IPO within the next six months, pending necessary approvals from regulatory authorities in accordance with existing securities registration and issuance regulations, as well as guidelines for securities issuance and allocation.

Nabil Investment Banking has been appointed to handle the IPO issuance tasks. Last week, an agreement was signed between Shyam Sundar Khetan, Director of Lumbini Ceramics, and Manish Narayan Joshi, Chief Executive Officer (CEO) of Nabil Investment Banking to this effect.

"Laminar Tiles has been widely embraced in the market as a 100% vitrified tiles brand," said Subrat Dhital, Chairman of Lumbini Ceramics. "We believe this IPO will accelerate our business expansion. It will serve as a significant milestone in our journey to strengthen industrial management while continuously improving quality and innovation."

The company commenced operations last year to provide international-standard tiles to Nepali consumers, offering diverse options and ensuring high-quality products.

Laminar Tiles are manufactured at a state-of-the-art production facility with European-grade technology located in Gulariya, Bardiya, spanning 12.5 bighas of land. With approximately 99.92% water resistance, Laminar Tiles are three times more durable than ceramic and other conventional tiles, due to their high-quality raw materials and superior production process.