SEBON Adds IPO Proposal of Daunne Agro Farm Limited To Its Pipeline

Daunne Agro Farm Limited submitted a proposal to the capital market regulator on Bhadra 06, 2082, seeking approval to issue 1,250,000 shares at a face value.

The offering aims to raise Rs. 12.50 Crores from general investors. Citizens Capital Limited has been appointed as the issue manager for this public offering.

ICRA Nepal has assigned Daunne Agro Farm Limited an issuer rating of BB-, indicating a moderate risk of default in meeting financial obligations. The agency has also upgraded the company’s long-term loan rating to LBB- from LB+, while the short-term loan rating has been reaffirmed at A4. These ratings reflect ICRA Nepal’s assessment of the company’s overall creditworthiness.

Daunne Agro Farm Limited (DAF), established in March 2018, operates a layer-chicken poultry farm focused on egg production. The company transitioned from a private to a public limited entity on July 13, 2024, and is backed by 40 shareholders. Its largest shareholder, Kisan Dana Udhyog Pvt. Ltd., holds about 28.6% and also serves as a major feed supplier and primary buyer of DAF’s eggs. The company’s factory and registered office are located in Binai Triveni-3, Nawalparasi, Gandaki Province.