Kamal Swastik Agro Industries Limited is moving forward with its Initial Public Offering (IPO) for the public after obtaining approval under the Securities Issuance and Trading Regulations for Small and Medium Enterprises, 2081. The company has selected Nabil Investment Banking Limited to manage the issue and sales of the shares.
Company Background
Swastik Agro Industries was established to support Nepal’s self-reliance in dairy and dairy-based products. Currently, the company manufactures and sells a range of products, including milk, curd, ghee, chocolate, and paneer, promoting them under the slogan “From the Farm to the Kitchen.”
Operating from Godar, Anusha District, the company presently produces more than 200 liters of milk daily with 35 high-quality cows. It also has plans to expand its herd to 100 cows in the near future to meet growing market demand.
Future Plans
To strengthen its presence in Nepal’s dairy industry, Swastik Agro plans to establish a packaging industry. This expansion is part of its long-term strategy to become a leading and trusted company in dairy production.
IPO Process
The IPO agreement was formally signed between Mr. Satya Narayan Jha, Chairman & Managing Director of Swastik Agro Industries Limited, and Mr. Manish Narayan Joshi, CEO of Nabil Investment Banking Limited.
With this step, the company aims not only to raise capital but also to bring more people on board as stakeholders in its mission to grow Nepal’s dairy sector.
