Swastik Agro Industries Set to Issue IPO; Appointed Nabil Investment Banking as Issue Manager

Swastik Agro Industries Limited is set to issue an Initial Public Offering (IPO) to the general public soon, following necessary approvals under the Securities Issuance and Trading Regulations for Small and Medium Enterprises, 2081. The company has appointed Nabil Investment Banking Limited as its issue and sales manager.

Established with the mission of promoting self-reliant in dairy and dairy-based products in Nepal’s dairy sector, Swastik Agro produces markets dairy products such as milk, curd, ghee, chocolate, and paneer under the slogan "From the Farm to the Kitchen". Operating from Godar, Anusha District, the company currently produces over 200 liters of milk daily from 35 high-quality cows and plans to expand to 100 cows in the near future

Swastik Agro is also planning to establish a packaging industry as part of becoming reputable and pioneering company in the dairy production sector. The agreement for the IPO process was signed by Chairman & Managing Director of Swastik Agro Industries Limited, Mr. Satya Narayan Jha and Nabil Investment Banking CEO, Mr. Manish Narayan Joshi.