NC Agrotech Industries to Issue IPO | Appoints Global IME Capital as Issue Manager
March 18, 2025 | Investopaper
NC Agrotech Industries Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Global IME Capital Limited as the issue and sales manager.
The agreement for public offering was signed between the company and Global IME Capital Limited on this regard. The signing ceremony took place at Global IME Capital’s office in Naxal, where Deepak Prasad Neupane, Director of the NC Agrotech Industries, and Mandeep Luitel, Chief Executive Officer of Global IME Capital, formalized the agreement.
Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by SEBON, the hydropower can issue the shares to the public.
In the first phase, the company will sell shares to the foreign employed Nepalis. Likewise, in the second phase, the company will float shares to the general public, including the employees of the company and the mutual fund schemes.
In total, the company plans to sell 18 lakh shares in the IPO. At a par value of Rs. 100, the public issue amounts to Rs. 18 crores.
About NC Agrotech Industries Limited
NC Agrotech Industries Limited was established on Karthik 11, 2075 BS.
The company is involved in mushroom cultivation, focusing primarily on the King Oyster Mushroom. In addition to mushroom cultivation, the company also produces bamboo toothpicks. Utilizing waste materials from both mushroom and bamboo segments, it also manufactures high-density charcoal.
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