Shree Steels Limited has formally appointed Nabil Investment Banking Limited as its issue and sales manager, marking a decisive step toward the company’s planned entry into Nepal’s public capital market.
The appointment confirms that one of Nepal’s domestic steel producers is actively preparing to offer primary shares to the general public, pending regulatory clearance from Nepal’s securities authorities.
Agrawal and Joshi Sign the Agreement
The deal was formalized through an official agreement signed by Rajesh Kumar Agrawal, Managing Director of Shree Steels Limited, and Manish Narayan Joshi, Chief Executive Officer of Nabil Investment Banking Limited. Somesh Agrawal, CEO of Shree Steels, was also present at the signing ceremony.
Nabil Investment Banking now holds the official mandate to oversee and execute the IPO process for Shree Steels.
SEBON Approval Remains the Final Hurdle
Shree Steels will not open its offering to retail investors until it has secured all required approvals from Nepal’s securities regulator, in full compliance with prevailing securities laws and directives. No official timeline for the public offering has been announced yet.
Japanese Technology, Six-Stand Block Mill
Shree Steels runs a fully automated manufacturing facility producing Thermo-Mechanically Treated (TMT) rebars. The plant operates on advanced Japanese technology, anchored by a precision six-stand block mill system delivering structural consistency and high-grade output across every production cycle.
Rebars Engineered for Nepal’s Seismic Conditions
The company’s TMT rebars are specifically designed to withstand Nepal’s seismic vulnerabilities and complex topography. As infrastructure investment accelerates across the country, locally manufactured, earthquake-resistant construction material carries direct relevance for both public and private sector projects nationwide.
Steel Made in Nepal, Imports Kept Out
Beyond its capital market ambitions, Shree Steels carries a broader industrial mission — reducing Nepal’s dependence on imported iron and steel by producing high-grade alternatives domestically. The initiative supports industrial self-sufficiency while generating employment across manufacturing and related sectors.
From Factory Floor to Stock Exchange
With Nabil Investment Banking formally holding the IPO mandate, market watchers will now track SEBON’s regulatory decision closely. Once approvals land, Nepali retail investors will have the opportunity to own a stake in one of the country’s emerging industrial manufacturers.
For Shree Steels, this IPO is not just a fundraising exercise; it is a statement that Nepal’s steel industry is ready to stand on its own.
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