Eight Major Manufacturing Companies Seek Approval to Raise Over Rs 27 Billion Through Premium IPOs
Eight leading companies from Nepal’s manufacturing and processing sector have applied to issue premium-priced Initial Public Offerings (IPOs), aiming to raise more than Rs 27.29 billion from the capital market.
Eight major companies from Nepal’s manufacturing and processing sector have applied to the Securities Board of Nepal (SEBON) for approval to issue premium-priced Initial Public Offerings (IPOs).
Collectively, these companies plan to raise more than Rs 27.29 billion through public offerings, marking one of the largest fundraising initiatives from the industrial sector in Nepal’s capital market.
The applicants include Jagdamba Steels Limited, Hulas Infra Limited, Shaurya Cement Industries Limited, Maruti Cements Limited, Riddhi Siddhi Cement Limited, Ambe Steels Limited, Hulas Iron Industries Limited, and Bhagwati Steel Industries Limited.
Among them, Jagdamba Steels plans the largest offering, seeking to raise Rs 6.62 billion by issuing 20.07 million shares at Rs 330 per share. Shaurya Cement aims to raise Rs 5.32 billion, while Maruti Cements plans to collect Rs 4.94 billion through its proposed IPO.
Similarly, Ambe Steels intends to raise Rs 3.39 billion, Riddhi Siddhi Cement Rs 2.99 billion, Hulas Iron Industries Rs 2.48 billion, Hulas Infra Rs 1.18 billion, and Bhagwati Steel Industries Rs 349.5 million.
If approved by SEBON, these offerings could significantly expand the representation of Nepal’s manufacturing sector in the stock market while providing investors with new diversification opportunities.