NIC Asia Capital appointed IPO Issue Manager of SARA Nepal

Stakeholders of NIC Asia Capital and SARA Nepal sign agreement.

KATHMANDU: NIC Asia Capital, under its “IDEA to IPO” service, will provide all consultancy services to SARA Nepal, and help it with IPO issuance.

NIC Asia Capital has been providing all the consultancy services required for the companies in any sector from the time of their establishment till their IPO issuance.

NIC Asia Capital and SARA Nepal entered into an agreement, under which the former will provide institutional consultancy, and share register services so that SARA Nepal can issue public shares to the general public (including mutual funds and employees). With the agreement, SARA Nepal has appointed NIC Asia Capital as its issue and sales manager for the IPO issuance.

Sara Nepal operates department stores and hydropower projects and has also been providing services in various sectors including transportation, tourism, hotel business, sales and distribution of agricultural products, communication, production and distribution of food items and export of local goods and services.

Currently, Sara Nepal is operating more than 100 stores under the brand ‘Sara stores’.

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