SY Panel Nepal Begins IPO Sale from September 23: Eligibility and Key Details
23rd September 2025, Kathmandu
SY Panel Nepal Limited has commenced its Initial Public Offering (IPO), offering shares to two exclusive investor groups
SY Panel IPO Launch
SY Panel Nepal Limited has commenced its Initial Public Offering (IPO), offering shares to two exclusive investor groups: local residents of the industry-affected area and Nepalis working abroad. The IPO is a significant step for the company, as it seeks to raise capital and expand its ownership base. The total paid-up capital of SY Panel Nepal is NPR 1.3089 billion, and the company is issuing a total of 5,232,548 shares, which represents 40% of its paid-up capital, at a face value of NPR 100 per share.
Specific Allocations for Investor Groups
The IPO has been structured to cater to specific investor categories, with reserved allocations for different groups.
Industry-Affected Local Residents: A total of 261,629 units of shares, valued at NPR 26.16 million, have been set aside for residents of all wards of Ratnanagar Municipality in Chitwan District. The application period for this group opened on Bhadra 29, 2082, and will remain open until Ashwin 12, 2082, with a possible extension until Ashwin 27, 2082, if the issue is not fully subscribed by the early closing date. Applicants in this category can submit their applications through the SY Panel Nepal office in Ratnanagar, Prabhu Capital’s office in Kamaladi, or the Sauraha and Tandi branches of Prabhu Bank. An application fee of NPR 2 is charged per application form.
Nepalis Working Abroad: A separate allocation of 497,092 units of shares, valued at NPR 49.7 million, is available for Nepalis with a valid labor permit from the Government of Nepal. The application period for this group also began on Bhadra 29, 2082, and will close on Ashwin 1, 2082, with a potential extension until Ashwin 12, 2082. These investors must apply through the C-ASBA system at member banks and financial institutions approved by the Securities Board of Nepal (SEBON). The C-ASBA system, which is a centralized application system for ASBA (Application Supported by Blocked Amount), simplifies the IPO application process for investors.
Other Reserved Allocations: In addition to the public offering, the company has set aside a total of 149,127 units for its employees and 248,546 units for mutual funds.
Application Details and Key Information
The IPO is being managed by Prabhu Capital Limited. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The price per share for all applicants is NPR 100. This makes the IPO accessible to a wide range of investors, including those with limited capital. The company has a credit rating of [ICRANP Issuer Rating: Double B], assigned by ICRA Nepal, which indicates a moderate level of credit risk.
For local residents of Ratnanagar Municipality, applications can be submitted physically or online through the link provided by Prabhu Capital. Nepalis working abroad can use any C-ASBA member bank or financial institution to apply. The list of these institutions is extensive and can be found on the websites of the Central Depository System and Clearing Limited (CDSC) and Nepal Rastra Bank. Some of the major C-ASBA member banks include Everest Bank, Prabhu Bank, and Kumari Bank.
This IPO is a significant event for the Nepalese capital market, as it aims to draw in new categories of investors. By specifically targeting locals and migrant workers, the company is not only raising capital but also promoting a more inclusive investment environment. The initiative is a positive step towards democratizing investment opportunities and allowing a broader section of the population to participate in the growth of the country’s economy.
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