Saptakoshi Cement Plans IPO to Expand Production Capacity

Saptakoshi Cement Limited, a leading cement producer in eastern Nepal, is preparing to launch a public IPO, offering 20% of its paid-up capital at NPR 100 per share. Siddhartha Capital Limited has been appointed as the issue and sales manager.

The company, with a daily production capacity of 600 tons, produces high-quality PPC 43 and 53 OPC cement and has maintained consistent profitability since 2019.

Holding around 20% of the eastern Nepal market, it achieved a 27% higher sales target in FY 2081/82 and issued 12% bonus shares. Funds from the IPO will be used to establish a new clinker plant and expand existing plant capacity, enhancing production efficiency, competitiveness, and long-term growth.