Purvanchal Lube Oil (PLO) Limited is going to issue an IPO to the public. The company has appointed Prabhu Capital Limited as the IPO issuing and sales manager.
The company is about to issue 5 lakh shares.The agreement was signed on Wednesday. Managing Director Bholeshwar Dulal on behalf of Purvanchal Lube Oil and Dinesh Thakali, Managing Director on behalf of Prabhu Capital have signed the agreement.
Purvanchal Lube Oil having its registered office at Sundararaicha 9 Morung Biratchok has been selling its products in the market for the past 23 years. At present, more than 90 dealers and more than 5000 retailers are affiliated to the company.