SEBON Adds IPO Proposal of Jasmine Paints Limited To Its Pipeline

Jasmine Paints Limited submitted a proposal to the capital market regulator on Bhadra 18, 2082, seeking approval to issue 1,000,000 shares at a face value.

The offering aims to raise Rs. 10 Crores from general investors. Sanima Capital Limited has been appointed as the issue manager for this public offering.

ICRA Nepal has assigned Jasmine Paints Limited an issuer rating of BBB-, reflecting a moderate level of safety in meeting financial obligations and indicating moderate credit risk. The plus or minus signs denote the company's relative standing within the rating category. The rating represents an assessment of overall creditworthiness, not of any specific debt instrument.

Jasmine Paints Limited, established in 1994 and converted to a public limited company in November 2024, manufactures a range of paints including interior, exterior, metal/wood, and waterproof varieties. The company has an annual production capacity of 19,327 MT and is primarily promoted by the Aryal family, with the largest stake held by Madhu Sudhan Aryal. Its manufacturing facility is located in Bharatpur-04, Chitwan.