28th August 2025, Kathmandu
Bajeko Sekuwa Limited, a popular Nepali restaurant chain, will hold its 16th Annual General Meeting (AGM) on September 18 (Asoj 2) to approve a proposal to issue an Initial Public Offering (IPO) to the general public.
Bajeko Sekuwa IPO
The AGM, which will take place at the company’s registered office in Battisputali, Kathmandu, will also address other key agendas, including merger and acquisition plans, and the authority to raise additional loans.
Primary Agenda: The IPO Proposal
The central focus of the upcoming AGM is a special resolution to approve the issuance of IPO shares. If this proposal is passed, it will be a landmark event, positioning Bajeko Sekuwa as one of the first major restaurant chains to enter Nepal’s capital market. This will provide an opportunity for the public, including loyal customers, to invest in the company and become shareholders. The move is a strategic one, aimed at expanding the brand’s presence, securing capital for future projects, and strengthening its financial foundation through public participation. The company will need to submit the necessary documents and obtain approval from the Securities Board of Nepal (SEBON) to proceed with the IPO.
Other Key AGM Proposals
In addition to the IPO, the AGM will deliberate on several other critical proposals that will shape the company’s future. These include:
Merger and Acquisition Plans: The Board of Directors will seek approval to pursue mergers or acquisitions with other companies, should such opportunities arise. This will provide the company with the flexibility to grow through strategic consolidation.
Authority to Raise Higher Loans: To support new projects, expansions, and infrastructure development, the AGM will vote on a proposal to empower the Board of Directors to secure loans beyond the current borrowing limits from banks and financial institutions. This will enhance the company’s financial flexibility and capacity for future growth.
Approval of Annual Reports: The meeting will review and approve the annual report and auditor’s report for the fiscal year 2081/82, offering shareholders an overview of the company’s financial performance and operational highlights.
Appointment of a New Auditor: An auditor will be appointed for the upcoming fiscal year, and their remuneration will be determined. This ensures compliance and maintains financial transparency.
Why the IPO is a Significant Development
Bajeko Sekuwa is a well-known name in Nepal, revered for its traditional Nepali sekuwa dishes and a rapidly growing network of restaurants. Its decision to go public holds significant implications for both the company and the broader hospitality sector.
Strengthening Brand Loyalty: By allowing customers to become shareholders, the company can turn brand loyalty into a more tangible, long-term commitment. This fosters a deeper connection between the brand and its consumers.
Expansion Capital: Funds raised from the IPO can be used to finance future growth, including the opening of new outlets, modernization of infrastructure, and franchise development. This is a common strategy for companies seeking to scale up their operations rapidly.
Improved Governance: Listing on the Nepal Stock Exchange (NEPSE) subjects the company to increased regulatory scrutiny and requires a higher level of financial transparency. This can lead to improved corporate governance and professional management, which is beneficial for all stakeholders.
Sectoral Representation: The entry of a popular food chain like Bajeko Sekuwa into the capital market signals the growing maturity and potential of Nepal’s food and beverage industry. It could pave the way for other similar businesses to follow suit, increasing the diversity of investment options available on the stock market.
This IPO is a major step for Bajeko Sekuwa, transforming it from a privately-owned business to a publicly-traded company. If the resolution passes, the company will have to navigate the regulatory process with SEBON, and both investors and customers will be eagerly awaiting further details regarding the share issuance.
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