Hulas Infra to Issue 35,47,188 Shares in IPO @Rs. 333.56 per Share
July 14, 2025 | Investopaper
Hulas Infra Limited is in the process of issuing shares to the general public (IPO). For this purpose, the company has submitted the application to the Securities Board of Nepal (SEBON) on Ashad 24, 2082 BS. Only after receiving the approval from the regulatory body, the company can float the shares to the public.
If approved by SEBON, the company has plans to issue 35,47,188 lakh shares at a premium price of Rs. 333.56. Hence, the public offering amounts to Rs. 118.32 crores.
In the first phase, the company will issue shares to the locals of the project affected areas and foreign employed Nepalese. Likewise, in the second phase, the hydropower will float shares to the general public, including the employees of the company and the mutual fund schemes.
The company has appointed Nabil Investment Banking Limited as issue and sales manager. The agreement for public offering has already been signed between the company and Nabil Investment Banking Limited in this regard.
About Hulas Infra Limited
Hulas Infra Limited was incorporated on July 19, 2011 as a private limited company. Later, on July 16, 2023, the company transformed into a public limited company.
The company specializes in designing, fabricating, and executing Pre-Engineered Buildings (PEB) and supplying shutter patti, with an annual Mid-Steel (MS) unit capacity of 8,100 MTPA, and is set to launch a Galvanized Iron (GI) structure unit (4,500 MTPA) and a C-Z Purlin unit (2,000 MTPA).
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