SY Panel Nepal to Open IPO from September 14, 2025

7th September 2025, Kathmandu

SY Panel Nepal Limited’s Initial Public Offering (IPO) is set to begin on September 14, 2025 (Bhadra 29, 2082).

SY Panel to Issue IPO

SY Panel Nepal Limited’s Initial Public Offering (IPO) is set to begin on September 14, 2025 (Bhadra 29, 2082). The company, a subsidiary of a South Korean firm, has received approval from the Securities Board of Nepal (SEBON) to issue a total of 5,232,548 shares, each with a face value of NPR 100. The total value of the issuance is NPR 523.25 million, which accounts for 40% of the company’s issued capital. This IPO is being rolled out in two phases, starting with residents of industry-affected areas and Nepali citizens working abroad.

Allotment Breakdown and Application Process

The IPO is structured to prioritize specific groups in its first phase:

Industry-Affected Locals: A total of 261,627 shares (2% of the total IPO) have been allocated for residents of all wards of Ratnanagar Municipality in Chitwan, where the company’s operations are located.

Nepali Migrant Workers: A total of 497,092 shares (10% of the total IPO) will be issued to Nepali citizens working in foreign employment. This provision is part of a broader regulatory initiative to encourage investment from abroad.

Both groups can apply for a minimum of 10 shares and a maximum of 50,000 shares. The application process has been designed to be convenient for both groups. Locals can apply in person at SY Panel Nepal’s office in Ratnanagar, the Kathmandu office of Prabhu Capital, and at Prabhu Bank branches in Sauraha and Tandi. Online applications are also available through Prabhu Capital’s platform. For Nepali migrant workers, applications can be submitted through the Meroshare platform or via any C-ASBA member banks and financial institutions authorized by SEBON, ensuring accessibility from anywhere in the world.

Application Deadlines and Issue Manager

The IPO application deadlines are different for each group:

Locals (Industry-Affected Residents): The earliest closing date for applications is Ashoj 12, 2082 (September 28, 2025), with the latest closing date being Ashoj 27, 2082 (October 13, 2025).

Nepali Migrant Workers: The application period for this group is shorter, with the earliest closing on Ashoj 1, 2082 (September 16, 2025) and the latest closing on Ashoj 12, 2082 (September 28, 2025).

The issue and sales manager for this IPO is Prabhu Capital Limited, which will oversee the entire process from application to allotment.

Importance of the IPO

This IPO is a significant event for several reasons. For SY Panel Nepal, a company specializing in the production of sandwich panels and construction materials, it’s an opportunity to raise a substantial amount of capital to fuel its future growth and strengthen its financial foundation. The company’s business model aligns well with Nepal’s ongoing economic development and increasing demand for industrial and commercial infrastructure.

For investors, the IPO provides a targeted opportunity for locals and Nepali migrant workers to invest in a well-established company at an affordable entry point. The par value of NPR 100 per share makes it accessible to a wide range of retail investors. The phased approach of the IPO ensures that these specific groups get early access before the issue is made available to the general public. This is a common practice in Nepal to promote financial inclusion and provide direct benefits to the communities and individuals most connected to the company’s operations and national economy.

For More: SY Panel to Issue IPO