SEBON Adds IPO Proposals of 9 Companies Manufacturing and Processing Sector To Its Pipeline

The IPO proposal of Smart Doors Limited has also been added to SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 306,000 shares to the local as well as the general public. This will raise Rs. 3.06 crores for the company. The application was submitted on Baishakh 3, 2081.

Muktinath Capital Limited has been appointed the issue manager for the public offering.

Similarly, Om Megashree Pharmaceuticals Limited has submitted a proposal to the capital market regulator to issue 1,800,000 shares. This will raise Rs. 18 crores for the company. The application was submitted on Baishakh 23, 2081.

Prabhu Capital Limited has been appointed the issue manager for the public offering.

Likewise, The IPO proposal of Palpa Cement Industries Limited is also added to SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 7,500,000 shares to the local as well as the general public. This will raise Rs. 75 crores for the company. The application was submitted on Baishakh 23, 2081.

Nabil Investment Banking Limited has been appointed issue manager for the public offering.

ICRA Nepal has reaffirmed the long-term rating of [ICRANP] LBB (pronounced ICRA NP L double B) for the long-term loan limits and the short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) for the short-term loan limits of Palpa Cement Industries Limited (PCIL or the company). Additionally, the ratings have been removed from Watch with Negative Implications.

Palpa Cement Industries Limited (PCIL), established in 2009, is a greenfield cement manufacturing company that began producing clinker in April 2019 and cement in January 2020. Located in Sunuwal, Nawalparasi, with mines in Rahawas, Palpa, the plant has an annual production capacity of 0.59 million metric tonnes of clinker and 0.73 million metric tonnes of cement, utilizing vertical rolling mill (VRM) technology. A part of the RMC Group, a prominent business house in Nepal, PCIL operates from its registered office in Thapathali, Kathmandu.

In the same manner, Laxmi Technoplast Limited has submitted a proposal to the capital market regulator to issue 1,000,000 shares. This will raise Rs. 10 crores for the company. The application was submitted on 21st Jestha, 2081.

Nepal SBI Merchant Banking Limited has been appointed the issue manager for the public offering.

In the same manner, Shree Distillery Limited has submitted a proposal to the capital market regulator to issue 960,000 shares. This will raise Rs. 9.60 crores for the company. The application was submitted on 1st Ashadh, 2081.

Prabhu Capital Ltd has been appointed the issue manager for the public offering.

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN BB- (Is) [Double B Minus (Issuer)]. Entities with this rating are deemed to carry a moderate risk of default in meeting their financial obligations on time.

Shree Distillery Limited (SDL), established on April 6, 1986, and converted to a public limited company on July 11, 2022, is located in Arunkhola, Nawalpur, Nepal, on 10 bighas of owned land. Following a management overhaul in 2021, SDL strengthened its operations. The company holds distillery and spirit production licenses, with an installed capacity of 4.86 million liters, focusing on the 70 UP liquor segment as of mid-June 2024. It is also licensed to produce up to 8,000 kiloliters of spirit annually.

Likewise, Sopan Pharmaceuticals Limited has submitted a proposal to the capital market regulator to issue 1,100,000 shares. This will raise Rs. 11 crores for the company. The application was submitted on Ashadh 30, 2081.

NMB Capital Limited has been appointed the issue manager for the public offering.

The IPO proposal of Bhugarva Cement Limited is also added to SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 1,262,500 shares to the local as well as the general public. This will raise Rs. 12.62 crores for the company. The application was submitted on Bhadra 13, 2081.

Nabil Investment Banking Limited has been appointed as the issue manager for the public offering.

Similarly, Riddhisiddhi Cement Limited has submitted a proposal to the capital market regulator to issue 12,171,500 shares at a premium price of Rs. 214.10 which will raise Rs. 2.60 Arba for the company. The application was submitted on Ashwin 18, 2081.

NIMB Ace Capital Limited has been appointed the issue manager for the public offering.

In the same manner, Sagar Distillery Limited has submitted a proposal to the capital market regulator to issue 792,000 shares. This will raise Rs. 7.92 crores for the company. The application was submitted on 21st Ashwin, 2081.

Muktinath Capital Limited has been appointed the issue manager for the public offering.

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN B+ (Is) [Single B Plus (Issuer)]. Entities with this rating are considered to carry a high risk of default in meeting their financial obligations on time.

Sagar Distillery Limited (SDL), established in 2014 and converted to a public limited company on May 21, 2023, specializes in blending and bottling high-quality liquors such as vodka, whiskey, and gin. With an annual production capacity of 5 million liters, SDL's products include Lalipop (various flavors), Royal Blue, Grey Wolf, Berries & Blues, and Nepse Bulls. The company is primarily promoted by Mr. Sandeep Jalan (17.48% shareholding), Mr. Ashutosh Khetan (19.08%), and Ms. Alka Goyal (15.10%).