Asian Thai Foods Limited Partners with Himalaya Securities for Upcoming IPO

Asian Thai Foods Limited (ATF), a leading Nepalese manufacturer and exporter of noodles and snacks, has signed an agreement with Himalaya Securities Banker Limited (HSBL) to act as the issue manager for its upcoming Initial Public Offering (IPO). This strategic move marks ATF’s entry into the public market, supporting its expansion ambitions.

The agreement was signed by top officials from both companies, including ATF’s Chairman Shivrahra Sharda, MD Mahesh Jaju, Executive Director Radheshyam Sharda, and Director Ashish Jaju, along with HSBL’s CEO Subhash B. Shrestha and Deputy GM Shankar Raibahah. ATF operates production facilities in Biratnagar and Tauliharwa, exporting its fast-moving consumer goods, including brands like Rumpum, ZP, and Preeti, to over 30 countries.