Brahma Jyoti Holdings Accelerates IPO Plan, Signs Credit Rating Agreement with CARE Ratings Nepal

CARE Ratings Nepal has signed a formal credit rating agreement with Brahma Jyoti Holdings Limited as the company intensifies preparations for its upcoming Initial Public Offering (IPO).

As part of its plan to enter Nepal’s capital market, Brahma Jyoti Holdings has already appointed Prabhu Capital Limited as the issue and sales manager for the public offering. The company aims to issue 1.4 million ordinary shares, equivalent to 20 percent of its issued capital, to the general public.

The company has been expanding its investments across multiple sectors, including hydropower, agriculture, tourism, and hospitality, positioning itself for long-term growth.

Company officials said the agreement with CARE Ratings Nepal marks an important milestone in its capital market journey. Following the completion of the rating process, Brahma Jyoti Holdings plans to apply to SEBON (Securities Board of Nepal) for IPO approval, moving a step closer to its public listing.