NIC Asia Capital Limited has signed an agreement with Birat Agri Limited to provide institutional advisory services and act as the issue and sales manager for the company’s proposed Initial Public Offering (IPO).

Under its “IDEA to IPO” service, NIC Asia Capital will support Birat Agri in its transition from a private company to a publicly listed company through the IPO process, subject to applicable laws and regulatory approvals.

Birat Agri, based in Itahari-13, Sunsari, operates commercial integrated agriculture and fish farming across more than 100 hectares of reservoir area through around 150 ponds in Morang and Sunsari.

The company also operates a fish-feed plant with a daily production capacity of 25 tonnes.

Birat Agri plans to use the capital raised through the proposed IPO to expand production, develop modern processing infrastructure and strengthen its integrated “Farm to Market” value chain.

The company's planned expansion includes a fish filleting and processing plant, a 10-ton-per-day pellet feed plant, cold storage, packaging facilities and marketing infrastructure.

The proposed IPO remains subject to applicable legal and regulatory approvals.