Kathmandu – Ambe Steels has announced plans to issue an Initial Public Offering (IPO) at a premium price.
To approve this proposal, the company has scheduled its Annual General Meeting (AGM) for 23rd Falgun. During the meeting, a resolution will be passed to authorize the Board of Directors with full rights to proceed with the IPO issuance at a premium valuation.
The AGM will also pass a proposal to appoint an issue manager for the IPO process. In addition, the meeting will endorse the company’s authorized, issued, and paid-up capital, along with the approval of various financial reports from the previous fiscal year.
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