Growmore IPO Soon

Growmore Merchant Banker Ltd has appointed Araniko Development Bank Ltd as its issue manager to manage the public issue of 9,80,000 ordinary shares each at Rs 100, which will be available for subscription to the general public. According to a press statement, the issue agreement has been signed by the executive director of the bank, Narayan Kapoor Pathak, and the general manager of Growmore, Kabindra Dhoj Joshi, on Wednesday.