Sarathi Kebal Industries to Launch IPO – A Step Towards Energy Independence in Nepal!
Get ready, Nepalese investors! Sarathi Kebal Industries Limited is gearing up to launch its Initial Public Offering (IPO)! The company has officially appointed Citizens Capital as the issue manager, marking a significant step forward. This exciting news signals a potential opportunity for those looking to invest in Nepal and support local industry.
Sarathi Kebal Industries, aiming to offer 20% of its issued capital through the IPO, plans to finalize the offering within the fiscal year 2082/83. This is fantastic news for those keen on stock market updates in Nepal.
The funds raised through the IPO will be strategically invested in groundbreaking projects within Nepal. Specifically, the company plans to use the capital to establish the first underground cable production facility and an aluminum furnace plant in the country. This bold move aims to significantly contribute to Nepal’s self-reliance in electrical materials and strengthen the domestic economy.
Located in Bhairahawa, Sarathi Kebal Industries has a strong track record. For the past 18 years, the company has been a leading manufacturer of a variety of electrical cables, including Multi-Strand cables, Power cables, Concentric cables, and ACSR Conductors. This established background increases the potential for strong company performance and creates more investment options for stock market investors.
This IPO announcement is more than just a financial opportunity; it’s a boost for Nepal’s energy sector. By supporting Sarathi Kebal Industries, investors can contribute to the country’s vision of becoming energy independent. Keep an eye on the stock market news and stay tuned for further updates regarding the IPO’s opening date, IPO share price, and application process. This is a chance to participate in capital market growth and support Made in Nepal initiatives! Don’t miss this opportunity to invest in the future!
