Greenply Nepal Receives Corporate Approval for Upcoming Initial Public Offering

9th August 2026, Kathmandu

Greenply Nepal Company Limited has officially received internal corporate approval to move forward with its initial public offering.

Greenply Receives Corporate Approval 

The approval paves the way for the prominent plywood manufacturer to enter Nepal capital market.

The decision was finalized during the special general meeting of the company, approving the issuance of 16 lakh 40 thousand ordinary shares.

This public issuance represents exactly 20 percent of the issued capital of the manufacturing firm.

The upcoming initial public offering marks a major milestone in the capital expansion strategy of the company.

Greenply Nepal converted into a public limited company during the previous fiscal year to prepare for its public listing.

Key Details of the Proposed Public Share Issuance

The approved corporate proposal outlines specific parameters for the upcoming equity issuance.

• The company will issue 16.40 lakh ordinary shares to general investors.
• The public portion constitutes 20 percent of the total equity structure of the firm.
• In addition, the special general meeting approved a pricing structure for promoter shares.
• Under this decision, a premium of 125 Nepali Rupees will be added to the face value of promoter shares.

This internal corporate clearance provides the foundation to submit formal filing documents to market regulators.

Strong Revenue Growth and Consecutive Five Year Profitability

Greenply Nepal has reported consistent financial growth across its core manufacturing operations.

During the fiscal year 2081/82, total sales revenue grew by 18.96 percent.

Annual revenue reached approximately 47.50 crore Nepali Rupees during the review period.

The manufacturing firm has maintained positive net profitability for five consecutive years.

The company specializes in manufacturing high quality plywood, blockboard, and flush doors using modern technology.

Its long term strategy focuses on expanding plant capacity, entering new geographical markets, adopting advanced machinery, and boosting export volumes.

Dominant Export Orientation to India and International Markets

A defining feature of the business model of Greenply Nepal is its strong reliance on foreign markets.

Domestic sales account for approximately 30 percent of total factory production.

More than 70 percent of total production is exported to India and other international destinations.

The company has obtained Bureau of Indian Standards certification to supply products seamlessly into the Indian market.

Export activities of the company also qualify for official export incentive grants provided by the Government of Nepal.

This international exposure offers substantial revenue growth opportunities as global market demand expands.

Significant Financial Improvement and Debt Reduction

Financial reports indicate marked improvements across primary balance sheet indicators during fiscal year 2081/82.

The overall gearing ratio of the company dropped significantly from 7.41 times down to 2.44 times.

This sharp reduction reflects lower financial leverage and improved debt coverage capabilities.

The company injected 6 crore Nepali Rupees in fresh share capital over the review year.

Following adjustments for accumulated profits under Nepal Financial Reporting Standards, tangible net assets rose from 8.20 crore Nepali Rupees to 22.60 crore Nepali Rupees.

These indicators demonstrate a solid capital base as the company prepares for its public capital raise.

Manufacturing Facilities and Corporate Expansion Plans

The primary manufacturing complex and administrative head office of Greenply Nepal are located in Budhiganga Rural Municipality 5, Morang.

From this facility, the company produces modern timber and building products for local and international markets.

The corporate expansion strategy centers on several core objectives:

• First, increasing overall factory production capacity.
• Second, entering untapped domestic and regional supply markets.
• Third, investing in automated manufacturing technology.
• Fourth, scaling up export volumes to neighboring countries.
• Fifth, strengthening market competitiveness and maximizing long term stakeholder value.

Prominent Individual and Institutional Shareholders

Greenply Nepal is chaired by industrialist Jeevan Prasad Rijal.

The promoter group includes prominent individual investors such as Diwakar Rathi, Dagendra Prasad Rijal, Manish Khetan, Sunil Agrawal, and Vivek Agrawal.

The shareholder base also includes major institutional investment funds.

Institutional backers include Star Investment Fund, Top Fund Limited, and Harvest Ventures.

This institutional backing provides structural support as the company transitions toward public capital market participation.

Market Perspective and Investment Considerations

The upcoming initial public offering presents retail and institutional investors with an opportunity to invest in a growing manufacturing exporter.

Key performance highlights supporting the offering include a five year profitable track record, robust export revenue streams, and a de-leveraged balance sheet.

However, the proposed initial public offering remains subject to formal regulatory approval from the Securities Board of Nepal.

Potential investors should review the official prospectus, audited financial reports, issue details, and risk disclosures once regulatory approval is granted and public subscription dates are formally announced.

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