Sarathi Cable Industries to Issue IPO, Submits Application to SEBON
23rd December 2025, Kathmandu
Sarathi Cable Industries Limited which is a prominent player in the Nepalese electrical manufacturing sector has officially taken the first step toward becoming a publicly traded entity. The company has submitted a formal application to the Securities Board of Nepal known as SEBON to launch its Initial Public Offering or IPO.
Sarathi Cable Industries IPO
This move is expected to mark a significant milestone for the industrial sector in Nepal as the company prepares to offer a portion of its equity to the general public. The application was filed on Mangsir 5 in the year 2082 which reflects the strategic growth plans of the company to expand its production capabilities and market reach.
OVERVIEW OF THE IPO AND ISSUE MANAGEMENT
According to the details provided in the application Sarathi Cable Industries Limited has requested permission from the regulatory body to issue 1.145 million ordinary shares. Each share is expected to carry a face value of 100 Nepalese rupees bringing the total value of the public issue to 114.5 million rupees. To manage the entire process of the share issuance and sales the company has appointed Citizens Capital Limited as its issue and sales manager. The partnership between Sarathi Cable and Citizens Capital was previously formalized through a signing ceremony which underscored their shared vision for expanding investment opportunities within the industrial landscape of the country.
HISTORY AND TRANSFORMATION OF SARATHI CABLE
Sarathi Cable Industries is an integral part of the Bhushal Group which is a well known business conglomerate in Nepal with interests in various sectors including automotive and banking. The company has a long history of operations in the cable and wire industry having functioned for 18 years. It was previously known as Bhushal Cable and Wire Industries Private Limited. In a strategic move to prepare for the public listing the company was converted from a private limited firm into a public limited company in July and was subsequently renamed as Sarathi Cable Industries Limited. Based in the industrial hub of Bhairahawa the company has established itself as a reliable manufacturer of a wide range of products including multi strand cables power cables concentric cables and ACSR conductors.
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STRATEGIC INVESTMENT IN UNDERGROUND CABLE PRODUCTION
One of the most exciting aspects of this IPO is the intended use of the raised funds. The chairman of the company Ankit Bhushal has stated that the capital generated from the public offering will be primarily invested in starting the production of underground cables in Nepal. Currently most of the underground cables used in major cities like Kathmandu and Pokhara are imported from abroad. By establishing a local manufacturing unit Sarathi Cable aims to make the country self reliant in this specific electrical equipment category. This project is seen as a historic endeavor as it would be the first instance of underground cable manufacturing within Nepal. Additionally the company plans to utilize the funds to install a modern aluminum furnace plant that uses advanced technology to improve production efficiency.
PRODUCTION CAPACITY AND NATIONWIDE DISTRIBUTION
The manufacturing facility of Sarathi Cable Industries in Bhairahawa possesses an annual production capacity of 2709 metric tons. This high capacity allows the company to meet the growing demand for electrical wiring in the construction and hydropower sectors. To ensure that its products reach customers across the country the company has built an extensive distribution network that includes 215 authorized dealers. This network spans across five provinces in Nepal providing a strong foundation for the company to maintain its market share. The combination of established production lines and a wide reaching sales network makes the company a strong candidate for a successful public listing.
A LANDMARK MOMENT FOR THE MANUFACTURING SECTOR
Once the IPO process is completed and the shares are listed on the Nepal Stock Exchange Sarathi Cable Industries will hold the distinction of being the first listed company in the cable manufacturing sector of Nepal. This is a significant development for the stock market which has historically been dominated by banks insurance companies and hydropower firms. The entry of a manufacturing company of this scale provides more diversification for investors and highlights the potential of the real sector in Nepal. The success of this IPO could encourage other manufacturing units under the Bhushal Group and other industrial houses to consider public listings in the future.
CONCLUSION AND FUTURE PROSPECTS
In conclusion the decision of Sarathi Cable Industries Limited to go public represents a bold step toward industrial modernization and financial transparency. With 18 years of experience and a clear plan to introduce innovative products like underground cables the company is positioned to play a vital role in the infrastructure development of Nepal. The 1.145 million shares scheduled for issuance will provide a unique opportunity for small and large investors to participate in the growth of a homegrown manufacturing leader. As the company awaits approval from SEBON the market remains optimistic about the impact this listing will have on the manufacturing industry.
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