Nebico Limited, one of Nepal’s oldest and most renowned food manufacturing companies, is set to issue an Initial Public Offering (IPO) worth Rs 20 crore to the general public.
To manage the IPO process smoothly, the company has appointed Siddhartha Capital Limited as the issue and sales manager. An agreement between the two parties was signed on Thursday at Siddhartha Capital’s office in Naxal. The agreement was signed by Nebico Chairman Raj Bahadur Singh and Siddhartha Capital CEO Sandeep Karki.
Established in 1964, Nebico Limited main factory is located in Balaju Industrial Area, Kathmandu, with additional production units in Hetauda and Bhairahawa. The company has an annual production capacity of 15,000 metric tons.
Currently, Nebico produces and distributes various food products such as biscuits, confectioneries, cookies, and cereals in the Nepali market.
