Saptakoshi Cement Limited, a prominent cement manufacturer in eastern Nepal, is preparing to issue its Initial Public Offering (IPO), allocating 20% of its paid-up capital at a face value of NPR 100 per share. Siddhartha Capital Limited has been appointed as the issue and sales manager for the offering.

The company currently operates with a daily production capacity of 600 tons and manufactures high-quality PPC 43 and 53 OPC cement. Since 2019, Saptakoshi Cement has maintained steady profitability, strengthening its market presence and operational performance.

With an impressive market share of around 20% in eastern Nepal, the company exceeded its sales target in FY 2081/82 by 27%. It also distributed 12% bonus shares to shareholders, reflecting solid financial foundations.

The capital raised from the IPO will be utilized to set up a new clinker plant and expand the existing production capacity. These upgrades aim to boost efficiency, improve competitiveness, and support long-term business growth.