SEBON Adds IPO Shares of Hulas Iron Industries in its Pipeline

Hulas Iron Industries Limited has submitted a proposal to capital market regulator on Magh 20, 2082, seeking approval to issue 97.5 lakh shares at a premium price of Rs. 255 per share.

The offering aims to raise Rs. 2.48 Arba from local and general investors. Kumari Capital Limited has been appointed the issue manager for this offering.

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned the issuer rating of IRN BBB- (Is) [Triple B Minus (Issuer)]. Issuers with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations.

Hulas Iron Industries Ltd., incorporated in April 2017 and converted to a public company in July 2023, operates a manufacturing plant in Birgunj, Nepal, producing pipes and sheets. Commercial operations began in FY21, with full operations from FY22, and an installed capacity of 105,765 MTPA. It is part of the Hulas Group, with Mr. Chandra Kumar Golchha holding a 72.98% stake as of November 2025.