SEBON Adds IPO Shares of Four Companies To It's Pipeline; One Company Proposes Shares at Premium Price

The IPO proposal of Doleswor Village Resort and Farm House Limited (DVRL) has been added to SEBON's pipeline.

Doleswor Village Resort and Farm House has submitted a proposal to issue 16.20 lakhs shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 16.20 crore for the company.

Citizens 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 B+ (Is)’ to Doleshwor Village Resort and Farm House Limited (DVRL). Issuers with this rating are considered to offer high risk of default regarding timely servicing of financial obligations, in Nepal.

Doleshwor Village Resort and Farm House Limited (DVRL) was incorporated in 2016, under Company Act, 2063 as a private company and later converted into a public limited company in June 13, 2025, a mid scale hospitality company based in Suryabinayak Municipality-8, Bhaktapur, Nepal. The resort currently operates with 15 rooms along with conference hall.

The IPO proposal of KTM Hospitality Limited has been added to SEBON's pipeline.

KTM Hospitality has submitted a proposal to issue 15.50 lakhs shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 15.50 crore for the company.

RBB Merchant Banking 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.

ICRA Nepal has reaffirmed the long-term rating of [ICRANP] LB+ (pronounced ICRA NP L B plus) to the long-term loans and a short-term rating of [ICRANP] A4 (pronounced ICRA NP A four) to the short-term loans of KTM Hospitality Limited (KHL/the company).

KTM Hospitality Limited, Incorporated in January 2020 as a private limited. It is developing the five-star luxury resort “Royal Tulip Chitwan Nepal” in Sauraha, Chitwan. The resort will feature 65 keys and will be operated by Louvre Hotels Group under the Royal Tulip brand. The company aims to begin operations by mid-April 2025, with Mr. Rameshwar Shah holding a controlling stake in the company.

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

Asian Concreto has submitted a proposal to issue 1,062,500 shares at a par value of Rs. 100 per share. This IPO issue will generate Rs. 10.62 crore for the company.

Nabil Investment Banking 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.

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned the issuer rating of IRN BB (Is) [Double B (Issuer)]. Issuer with this rating is considered to have a moderate risk of default regarding timely servicing of financial obligations.

Asian Concreto Private Limited was incorporated on September 28, 2016 which later converted into Asian Concreto Limited (ACL) on May 10, 2024. It has plant situated in Ramgram, Nawalparasi, Nepal for manufacturing wide range of landscaping products like concrete interlocking pavers, kerb stones, paving slabs, etc. with total installed plant capacity of 120,000 metric tons per annum as of mid December 2025.

The IPO proposal of Bhagawati Steel Industries Limited  has been added to SEBON's pipeline.

Bhagawati Steel Industries Limited has submitted a proposal to capital market regulator on baisakh 14, 2083, seeking approval to issue 15 lakh shares at a premium price of Rs. 233 per share.

The offering aims to raise Rs. 34.95 crores from local and general investors. Nabil Investment Banking Limited has been appointed the issue manager for this offering.

CARE Ratings Nepal Limited (CRNL) has assigned the rating of ‘CARE-NP BBB- (Is)’ to Bhagawati Steel Industries Limited (BSIL) and placed it on credit watch with negative implications. Issuers with this rating are considered to offer moderate degree of safety regarding timely servicing of financial obligations, in Nepal. Such issuers carry moderate credit risk.

Bhagawati Steel Industries Limited (BSIL) is a limited company incorporated in 1991. The company is involved in manufacturing of pipes, sheets, door and window frames, shutter profiles, side channels, truss, poles and towers, suspension and motorable bridge and related products. BSL has its manufacturing plant in Chhatapipra, Bara, Nepal with total installed capacity of 59,000 Metric Tons Per Annum