Himalayan Capital Partners with Asian Batteries for IPO Issuance

Himalayan Capital Limited has signed an agreement with Asian Batteries Limited, a leading Nepalese manufacturer of lead-acid batteries for industrial and energy sectors, to manage the public share issuance of Asian Batteries. Established in 2013 and based in Morang, Asian Batteries plans to issue 13 lakhs shares worth Rs. 16 crore, representing 20% of its paid-up capital of Rs. 65 crore.

The company produces batteries used in vehicles, electric rickshaws, scooters, motorcycles, and solar applications, with plans to expand into lithium battery production and battery recycling. With offices in Lalitpur and branches across Nepal, Asian Batteries aims to become the country’s most trusted power solution brand by offering quality, reliable products and prompt service at affordable prices.