Kathmandu: Nepal Infrastructure Investment Fund has announced plans to issue an Initial Public Offering (IPO), marking a significant development in the country’s capital markets.
The fund has appointed Laxmi Sunrise Capital as the issue manager to oversee the public share offering process.
Formal agreement was signed by Dr Manish Thapa, Director of the Fund, and Vijayalal Shrestha, Chief Executive Officer of the capital firm, solidifying their partnership for this important financial initiative.
The fund currently boasts an authorized capital of Rs 1.2 billion, with plans to issue shares worth Rs 300 million through this IPO. This move represents a strategic effort to expand public participation in Nepal’s infrastructure development while providing investors with access to a professionally managed investment vehicle.
Nepal Infrastructure Investment Fund stands as the country’s premier closed-end capital investment institution, operating under the expert management of Global Equity Fund.
Notably, Global Equity Fund holds the distinction of being Nepal’s first licensed private equity and venture capital fund manager, having received official approval from the Securities Board of Nepal. This regulatory endorsement underscores the fund’s credibility and adherence to financial standards.
The Infrastructure Fund has already established a strong portfolio across several critical development sectors. Its investments span renewable energy projects, transportation infrastructure development, electric mobility solutions, solar and hydropower initiatives, information technology ventures, agricultural modernization programmes, and hospitality industry expansion.
This diversified approach ensures balanced exposure to Nepal’s most promising growth sectors while mitigating investment risks.
The fund benefits from robust institutional backing, with support from major insurance providers including Himalayan Life Insurance, Himalayan Everest Insurance, Prabhu Mahalaxmi Insurance, and Nepal Reinsurance. Additionally, it enjoys promotion from prominent business leaders Rajendra Khetan and Basanta Chaudhary, whose expertise and reputation further strengthen the fund’s market position.
This IPO presents a unique opportunity for investors to participate in Nepal’s infrastructure growth story through a transparent, professionally managed investment channel with demonstrated sectoral expertise and strong institutional support. The offering is expected to generate significant interest among both institutional and retail investors seeking exposure to Nepal’s developing infrastructure landscape.
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