Nebico Limited, one of Nepal’s oldest and most prominent food production companies, has announced an initial public offering (IPO) worth NPR 20 crore to the general public.
Nebico Limited, a well-established name in Nepal’s food industry, is set to issue primary shares worth NPR 20 crore to the public through an IPO. To streamline the share issuance process, the company has appointed Siddhartha Capital Limited as the issue and sales manager. An agreement between the two parties was signed on Thursday at Siddhartha Capital’s office in Naxal, Kathmandu.
The agreement was signed by Raj Bahadur Singh, Chairman of Nebico Limited, and Sandeep Karki, Chief Executive Officer of Siddhartha Capital Limited.
Founded in 1964, Nebico Limited’s main factory is located in the Balaju Industrial Area of Kathmandu. The company also operates production units in Hetauda and Bhairahawa. Nebico has an annual production capacity of 15,000 metric tons.
Currently, the company manufactures and markets a variety of food products, including biscuits, confectionery, cookies, and cereals.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
