Kathmandu, Jan. 13 -- Annapurna Machha Dana Udyog Limited (AMDU), a leading agri-processing company in Nepal, has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for its forthcoming Initial Public Offering (IPO), as the company advances towards public listing and the next phase of large-scale industrial expansion.

The appointment was formalized through an agreement signed between AMDU Chief Executive Officer Mr Yash Puri and Laxmi Sunrise Capital Chief Executive Officer Mr Bijay Lal Shrestha. The partnership is expected to guide AMDU through the IPO process and support its planned entry into Nepal's capital market.

The decision to proceed with the IPO was approved at AMDU's first Annual General Meeting (AGM) held ...