SY Panel Nepal Selling 40,46,156 Shares in IPO to General Public from Today
November 5, 2025 | Investopaper
After the first phase, SY Panel Nepal Limited is currently issuing the shares to the general public in the second phase of an initial public offering (IPO). The IPO to general public is open from Karthik 19, 2082 BS.
The company is selling 40,46,156 shares at Rs. 100 per share to the general public.
Interested investors can apply for a minimum of 10 shares and a maximum of 50,000 shares.
The public offering will close on Karthik 23, 2082 BS.
The company has reserved 248,546 shares to the mutual fund schemes and 149,127 shares to the employees of the company.
In total (including the first and second phase), the company will sell 52,32,548 shares in the initial public offering (IPO). At a par value of Rs. 100, the public issue amounts to Rs. 52.32 crores.
First Phase: IPO To Foreign Employed Nepalis
In the first phase of the IPO, the company had sold the shares to the locals of the project affected areas and to the Nepalis in foreign employment from Ashwin 7, 2082 BS.
The company had floated 2,61,627 shares to the locals of the project affected areas of the Chitwan district (Ratnanagar Municipality). The IPO to locals of project affected areas was closed on Ashwin 21, 2082 BS.
Interested eligible locals could subscribe for a minimum of 10 shares and a maximum of 50,000 shares.
The company had also issued 4,97,092 shares (10 percent of general public’s quota) to the foreign employed Nepalis from Ashwin 7 2082 BS. The IPO to foreign employed Nepalis was closed on Ashwin 10, 2082 BS. Interested foreign employed Nepalis could apply for a minimum of 10 shares and a maximum of 50,000 shares.
For this purpose, Securities Board Of Nepal (SEBON) has given the permission to the company on Bhadra 17, 2082 BS. The company had submitted the application to the board on Ashwin 19, 2080 BS. Only after the approval from the regulatory body SEBON, the company can sell shares to the public.
The company has appointed Prabhu Capital Limited as issue and sales manager for the IPO. The agreement for public offering was inked by Mr. Choi Dongil, Managing Director of SY Panel and Mr. Dinesh Thakali, Managing Director of Prabhu Capital Limited.
The company is planning to issue 40 percent of the total issued capital.
About SY Panel Nepal Limited
SY Panel Nepal Limited, established in Ashad 20, 2074 BS, is a subsidiary company of SY Co. Ltd. of South Korea which is Asia’s No. 1 Panel Manufacturer. The head office is located at Tinkune 2, Subidanagar, Kathmandu.
The company sells Korean Manufactured Panel, including Korean Sandwich panels, UPVC Windows, Steel doors & other subsidiary materials required for Panel Constructions in Nepal.
SY Panel Nepal currently operates 75 dealers across Nepal and has a panel production capacity of 5,000 square meters per day.
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