Sarathi Cable Partners with Citizens Capital for IPO to Boost Nepal’s Electrical Infrastructure

Sarathi Cable Industries Limited has partnered with Citizens Capital Limited to issue its Initial Public Offering (IPO), aiming to offer 20% of its capital to the public in FY 2082/83. The IPO proceeds will fund key projects, including underground cable production and an aluminum furnace plant, enhancing Nepal's domestic cable manufacturing and electrical infrastructure.

The partnership was formalized at a signing ceremony between Sarathi’s Chairman Ankit Bhusal and Citizens Capital CEO Sabir Bade Shrestha. Both emphasized their shared vision for industrial modernization and expanding investment opportunities for the public.

Sarathi Cable, with over 18 years of industry experience, is a leading producer of copper and aluminum cables, crucial for Nepal’s growing hydropower and energy needs. It operates from Butwal and Kathmandu, maintaining NS and ISO certifications for quality.

Citizens Capital, backed by Citizens Bank and the Employee Provident Fund, brings strong merchant banking experience to the collaboration, ensuring expert IPO management. The alliance reflects a mutual commitment to supporting Nepal’s economic development through industrial growth, innovation, and public market engagement.