Shree Steels Limited has engaged Nabil Investment Banking Limited as the issue and sales coordinator for its forthcoming Initial Public Offering (IPO). The firm intends to release primary shares to the general populace shortly after securing the essential consents from regulatory bodies in accordance with prevailing securities laws.
The partnership was finalized by Rajesh Kumar Agrawal, Managing Director of Shree Steels, and Manish Narayan Joshi, CEO of Nabil Investment Banking, amid the presence of Somesh Agrawal, CEO of Shree Steels.
Shree Steels, a prominent steel producer in Nepal, runs a fully automated facility dedicated to the manufacturing of TMT rebars. The company leverages cutting-edge Japanese technology, including a six-stand block mill, to produce superior-quality rebars adept for infrastructure development in Nepal’s earthquake-sensitive and geographically complex landscape.
In line with the company’s vision, its primary aim is to bolster Nepal’s industrial infrastructure by producing top-notch steel products domestically, fostering self-sufficiency in iron and steel materials, and generating job opportunities.
