Appointed Prabhu Capital Limited as IME common share issue and sales manager

Prabhu Capital Limited has been appointed as the manager of IME Limited’s IPO issue and sale.

In a program held at IME Limited’s headquarters in Panipokhari on Tuesday, IME Limited’s Chief Executive Officer Khilendra Paudel and Prabhu Capital Limited’s Chief Executive Officer Ashish Gauchan signed an agreement regarding the appointment of issue and sales manager.

IME will use its Rs. 10 percent of the issued capital of 1 billion is about to issue 10 million ordinary shares (IPO) to the general public.

IME has been working as a remittance service provider for 22 years. It is said that IME Limited has been awarded with the ‘Thula Kardata Samman’ many times based on the highest tax paid among the remittance businesses.

IME Group has been converting its investment companies into public companies and issuing IPOs for some time.

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