IPO for General Public: SY Panel Nepal Limited to Issue 40,76,156 Units IPO Shares from Kartik 19
Tue, Oct 28, 2025 10:14 AM on IPO/FPO News, Highlight News,
SY Panel Nepal Limited will open its Initial Public Offering (IPO) for the general public on the 19th Kartik, 2082. The company is issuing 40,76,156 unit shares at a par value of Rs. 100 per unit. The early closing date for the IPO is the 23rd Kartik, 2082, but if the issue is not fully subscribed by then, the deadline will be extended to the 3rd of Mangsir, 2082.
The issued capital of the company is Rs. 1.30 Arba. Of this, 40%, i.e., 5,232,548 unit shares, will be issued to the public. Of the total issue capital, 2%, which amounts to 2,61,627 unit shares worth Rs. 2.61 Crores, were allotted to project-affected locals of Chitwan district. The remaining 38% of the issued capital, i.e., 49,70,920 unit shares, are for the general public. Of this general public issue, 10%, a total of 4,97,092 unit shares, were already allotted to the Nepalese citizens working abroad.
Of the general public issue, 3%, i.e., 1,49,127 units, have been set aside for the company's employees, and 5% of the total offered shares, i.e., 2,48,546 units, have been set aside for the mutual funds. The remaining 40,76,156 units are for the general public and will be opened on the 19th Kartik.
Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance. Applications could be placed for a minimum of 10 units and a maximum of 50,000 units.
ICRA Nepal has reaffirmed SY Panel Nepal Limited’s (SYPNL) issuer rating at [ICRANP-IR] BB (pronounced ICRA NP Issuer Rating Double B), reflecting a moderate risk of default in meeting timely financial obligations.
SY Panel Nepal Limited (SYPNL), established in July 2017, produces expanded polystyrene (EPS) and polyurethane foam (PUFF) sandwich panels, UPVC windows, steel doors, and EPS materials, widely used in prefabricated home construction. It is a subsidiary of South Korea-based SY Co. Limited, which holds approximately 63% of the shares, with the remaining stake primarily owned by Korean nationals affiliated with SY Co. Limited. SYPNL’s manufacturing facility is located in Ratnanagar, Chitwan, and the company operates across Nepal through its network of 62 dealers.
