Sarathi Cable Industries Limited has announced plans to issue ordinary shares through an Initial Public Offering (IPO). The company has formally appointed Citizens Capital as the issue manager, signing an agreement with Chairman Ankit Bhusal and Citizens Capital CEO Sabir Bade Shrestha.
Sarathi Cable Industries is preparing to issue 20% of its paid-up capital through the IPO, targeting completion within the fiscal year 2082/83 (Bikram Sambat). The funds raised will be used to establish Nepal’s first underground cable manufacturing facility and an aluminum furnace plant. This initiative aims to support the country’s goal of becoming self-reliant in electrical materials.
Located in Bhairahawa, Sarathi Cable Industries has been producing Multi-Strand, Power, Concentric Cable, and ACSR Conductors for the past 18 years.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
