Asian Batteries Limited is set to issue an IPO worth Rs. 13 crore. The company plans to release 13 lakh shares, which represent 20% of its issued capital of Rs. 65 crore.
To manage the IPO issuance and sales, Asian Batteries has appointed Himalayan Capital Limited as the issue manager. An agreement was signed on Asar 31 between CEO of Himalayan Capital, Parmeshwar Pant, and Chairman of Asian Batteries, Suresh Lohani.
Established in 2013, Asian Batteries Limited operates its production and registered office in Budhiganga Rural Municipality–4, Morang, with its contact office currently located in Sanepa, Lalitpur.
Founded by notable figures from Nepal’s IT, agriculture, and real estate sectors, the company has quickly gained a reputation for producing high-quality lead-acid batteries. It manufactures batteries used in vehicles, electric rickshaws, scooters, motorcycles, and solar systems.
Asian Batteries also processes various battery types, producing lead and oxide materials for the domestic market.
Looking ahead, the company aims to become Nepal’s most trusted and primary power solution brand by introducing lithium battery production and battery recycling. It pledges to deliver reliable, high-quality products with warranties and fast service.
With its contact office in Lalitpur and 10 branches across major locations in Nepal, Asian Batteries ensures widespread access to its products and services.
