Saptakoshi Cement to launch IPO, appoints Siddhartha Capital as sales manager
The company plans to float 20 percent of its paid-up capital, with each share priced at Rs 100.
KATHMANDU: Saptakoshi Cement Limited, widely recognized as the “Purbako Gaurav (Pride of the East),” is preparing to launch its Initial Public Offering (IPO).
The company has appointed Siddhartha Capital Limited as the issue and sales manager.
The company plans to float 20 percent of its paid-up capital, with each share priced at Rs 100.
The formal agreement between the two parties was signed on Mangsir 10, at the company’s office in Tripureshwar, Kathmandu.
The document was signed by Mona Jalan, Chairperson of Saptakoshi Cement, and Sandeep Karki, Chief Executive Officer of Siddhartha Capital.
Saptakoshi Cement is a leading high-grade cement manufacturer with a daily production capacity of 600 tons. The company produces PPC and OPC cement of 43/53 grades, fully aligned with national quality standards.
Since 2019, the company has consistently maintained operational profits. It currently holds around 20 percent market share in eastern Nepal, outperforming several regional competitors.
In FY 2081/82, it achieved 27 percent higher sales compared to the previous year. From the same fiscal year’s profit, the company also issued 125 bonus shares to its shareholders.
Funds raised through the proposed IPO will be invested in establishing a new clinker plant and expanding capacity at the existing facility.
The company expects this move to strengthen production efficiency, enhance competitiveness, and support its long-term growth strategy.
