Kathmandu. Shree Steels Limited will be issuing primary shares to the general public in near future subject to necessary approval from the regulatory bodies as per the provisions of the existing Securities Registration and Issue Regulations and Securities Issue and Allotment Directives. The company has appointed Nabil Investment Banking Limited as its issue manager for the IPO issuance.
Shree Steels Limited is a fully automated plant specializing in manufacturing of TMT rebars. In a country like Nepal with geographical complexity and earthquake risk, attention should be paid to building highly robust structures.
Shree Steels is the first brand in Nepal to have state-of-the-art Japanese technology for production of TMT rebars. The main objective of the company is to strengthen Nepal’s industrial base by using the best technology available in the world and to make the country self-reliant in iron and rod products required for the construction of the country with honesty and honesty.
The agreement was signed by Mr. Rajesh Kumar Agrawal, Managing Director of NFL, and Mr. Manish Narayan Joshi, Chief Executive Officer of Nabil Investment Banking Limited.
