The Securities Board of Nepal (SEBON) has just injected a fresh wave of excitement into the primary market. In its latest regulatory update on June 5, 2026, SEBON expanded its IPO pipeline by adding four prominent companies from the manufacturing, liquor, and agribusiness sectors.
Together, these four upcoming public issues are set to inject a massive Rs. 109.09 Crores into Nepal’s share market, offering retail investors a fantastic opportunity to diversify their portfolios beyond the usual banking and hydropower stocks.
Let’s take an in-depth look at the four companies preparing to float their shares, their financial sizes, appointed issue managers, and credit risk profiles.
Premier Distillery Limited (PDL)
Total IPO Volume: 22,500,000 units (Worth Rs. 22.50 Crores)
Issue Manager: Siddhartha Capital Limited
Face Value: Rs. 100 per share
About the Company
Established in 2012 and transitioned into a public limited company in 2023, Premier Distillery operates a modern manufacturing plant in Duhabi. For everyday consumers, the company’s name is tied to five highly recognizable liquor brands in the domestic market: Pal Pal, The Himalayan Reserve, Old Monk, Black Stallion, and Royal Reserve.
Credit Rating & Safety
Infomerics Credit Rating Nepal has upgraded PDL’s issuer rating to IRN BB+ (Is). This upward upgrade signals a moderate risk of default but underscores steady improvements in the company’s financial operations and cash flow management.
Rajesh Metal Crafts Limited (RMCL)
Total IPO Volume: 6,000,000 units (Worth Rs. 60.00 Crores)
Issue Manager: Nabil Investment Banking Capital Limited
Face Value: Rs. 100 per share
About the Company
By far the largest issue in this batch, Rajesh Metal Crafts is a heavyweight in Nepal’s industrial sector. Established way back in 1993, this long-standing family business officially converted to a public limited company in May 2024. Operating an integrated steel processing model, RMCL imports hot-rolled coils from India to manufacture critical building materials like steel pipes, galvanized sheets, and color-coated sheets for the domestic market.
Credit Rating & Safety
ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BBB to the company. A “Triple B” rating is highly reassuring for retail investors, indicating a moderate degree of safety and a healthy capacity to meet financial obligations.
Yuwarani Agro Industries Limited (YAIL)
Total IPO Volume: 1,650,000 units (Worth Rs. 16.50 Crores)
Issue Manager: Prabhu Capital Limited
Face Value: Rs. 100 per share
About the Company
Incorporated in 2020 and based in Gaushala, Yuwarani Agro Industries is a rapidly evolving player in the country’s agricultural sector. While its core business is currently centered around animal feed production, YAIL is aggressively scaling up a highly integrated agribusiness model. This expansion includes poultry farming, hatchery operations, aquaculture, and a planned slaughterhouse alongside cold storage facilities.
Credit Rating & Safety
The company has been assigned an issuer rating of IRN BB- (Is) by Infomerics Nepal, placing it in the moderate default risk category, which is typical for growth-stage agricultural enterprises.
Annapurna Machha Dana Udhyog Limited (AMDU)
Total IPO Volume: 1,009,531 units (Worth Rs. 10.09 Crores)
Issue Manager: Laxmi Sunrise Capital Limited
Face Value: Rs. 100 per share
About the Company
Founded in 2021 and converted to a public firm in May 2025, this Khairahani-based manufacturer specializes in automated floating fish feed. Operating a 5 TPH (Tons Per Hour) automated plant, they boast an annual production capacity of 24,000 metric tonnes, marketing their popular products under the brand name “Matsya Raja”.
Credit Rating & Safety
Infomerics Credit Rating Nepal recently withdrew AMDU’s previous bank facility ratings (IRN BB-/A4) Ahead of this corporate transition. Investors will need to review the final prospectus for updated equity risk profiles once published.
Upcoming IPO Investment Summary
Here is a quick summary of the upcoming IPOs in Nepal that have recently been approved by SEBON, adding four major manufacturing and agro-based companies to its IPO pipeline.
| Company Name | Issue Size (Units) | Amount (NPR) | Issue Manager | Credit Rating |
| Rajesh Metal Crafts | 6,000,000 | 60.00 Crores | Nabil Investment Capital | [ICRANP-IR] BBB |
| Premier Distillery | 2,250,000 | 22.50 Crores | Siddhartha Capital | IRN BB+ (Is) |
| Yuwarani Agro Industries | 1,650,000 | 16.50 Crores | Prabhu Capital | IRN BB- (Is) |
| Annapurna Machha Dana | 1,009,531 | 10.09 Crores | Laxmi Sunrise Capital | Withdrawn/Pending |
It is important to remember that these companies are currently in SEBON’s pipeline stage. This means they have submitted their initial proposals and are waiting for final regulatory approval. Once SEBON gives the green light, the issue dates will be announced sequentially, and shares will open for subscription via the MeroShare portal.
