SEBON Adds IPO Proposal of NC Agro Tech Industries Limited To Its Pipeline

NC Agro Tech Industries Limited submitted a proposal to the capital market regulator on Kartik 24, 2082, seeking approval to issue 1,875,000 shares at a face value.

The offering aims to raise Rs. 18.75 Crores from general investors. Global IME Capital Limited has been appointed as the issue manager for this public offering.

CARE Ratings Nepal has assigned NC Agro Tech Industries Limited an issuer rating of CARE-NP BB (Is), indicating a moderate risk of default in meeting financial obligations.

NC Agro Tech Industries Limited, established on October 28, 2018, is an agro-industrial company based in Kathmandu with a factory in Gaindakot-14, Nawalpur. It primarily produces King Oyster and button mushrooms using advanced technology, and its product range also covers bamboo, charcoal, compost, and medicinal mushrooms. The company’s plant has an annual installed capacity of 4,173,500 kg.