SEBON Adds IPO Proposal of Shubhashree Agni Cement Udhyog Limited To Its Pipeline

The IPO proposal of Shubhashree Agni Cement Udhyog Limited is in SEBON's pipeline.

The company has submitted a proposal to the capital market regulator to issue a total of 20,210,000 shares. This will raise Rs. 2.02 Arba for the company. The application was submitted on Ashadh 02, 2082.

Machhapuchchhre Capital Limited has been appointed the issue manager for the public offering.

Care Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP B+ (Is)’ to Shubhashree Agni Cement Udhyog Limited (SSL), indicating a high risk of default in the timely servicing of financial obligations within Nepal.

Shubhashree Agni Cement Udhyog Limited (SSL), established on March 4, 2013, and converted to a public limited company on July 15, 2022, is involved in clinker production and limestone extraction. Its clinker plant, with a capacity of 700 MTPD, began operations in December 2017, while its 1200 MTPD grinding unit became operational in July 2019.