Hulas Infra IPO in the Works: Seeks SEBON Approval with Premium Pricing
Hulas Infra Limited has formally submitted a proposal to the Securities Board of Nepal (SEBON) seeking approval to issue its Initial Public Offering (IPO) at a premium price of Rs. 333.56 per share, including a Rs. 233.56 premium over the face value of Rs. 100. The company filed its application on Ashad 24, 2082 BS (July 8, 2025).
If approved, Hulas Infra will float 3,547,188 shares, aiming to raise Rs. 1.18 billion (Rs. 118.32 crores) from the public. The offering will be executed in two distinct phases to ensure broad participation.
- Locals of project-affected areas, and
- Foreign-employed Nepalese.
In the second phase, the IPO will be extended to:
- The general public,
- Employees of the company, and
- Mutual fund schemes.
To manage the public offering, Nabil Investment Banking Limited has been appointed as the issue and sales manager. An agreement between the two parties has already been signed, paving the way for a smooth IPO process once regulatory approval is received.
About Hulas Infra Limited
Established on July 19, 2011, Hulas Infra started as a private limited company and transitioned into a public limited company on July 16, 2023. The company specializes in designing and executing Pre-Engineered Buildings (PEB), supplying shutter patti, and manufacturing construction materials such as Mid-Steel (MS), Galvanized Iron (GI) structures, and C-Z Purlin units. Its production capacities include 8,100 MTPA for the MS unit, 4,500 MTPA for the GI structure unit, and 2,000 MTPA for the C-Z Purlin unit.
With its expanding portfolio and production capabilities, Hulas Infra is strategically positioning itself to capitalize on Nepal’s rapidly growing infrastructure and construction sector.
Read More
