IPO Proposal of Asian Batteries Added to SEBON's Pipeline

The IPO proposal of Asian Batteries Limited has been added to SEBON's pipeline.

Asian Batteries has submitted a proposal to issue 13 lakh shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 13 crore for the company.

Himalayan Capital Limited has been appointed the issue manager for this issue.

It is only after the approval from the regulatory board SEBON, the company can float the shares to the local and the general public.

CARE Ratings Nepal Limited (CRNL) has assigned the issuer rating of ‘CARE-NP BB (Is)’ to Asian Batteries Limited (ABL). Issuers with this rating are considered to offer moderate risk of default regarding timely servicing of financial obligations, in Nepal.

Asian Batteries Limited (ABL) was incorporated as a private limited company on May 14, 2012, and was later converted into a public limited company on July 14, 2025. The company is engaged in the manufacturing and sale of automotive, electric vehicle (EV), and tubular batteries. ABL’s manufacturing unit in Biratnagar, Nepal, currently has the capacity to produce 54 metric tonnes of lead and lead oxide annually.