Shree Steels Announces 3.3 Million Share IPO for General Public

Shree Steels, recognized as a leading name in Nepal’s steel manufacturing industry, has announced the issuance of its Initial Public Offering (IPO) for the general public. The company has decided to float 3.3 million ordinary shares, equivalent to 20 percent of its paid-up capital, at a face value of NPR 100 per share without any premium. This provides investors an opportunity to participate in the company’s ownership at the base price. Operating with fully automated technology, Shree Steels specializes in the production of TMT rebars known for enhancing structural strength and contributing to earthquake risk mitigation. The company is also recognized as the first brand in Nepal to use advanced Japanese Six Stand Block Mill technology. Nabil Investment Banking Limited has been appointed as the issue manager for the IPO, and an agreement was signed on February 26, 2026, between Director Rajesh Kumar Agrawal of Shree Steels and CEO Manish Joshi of Nabil Investment Banking. The public offering of a strong manufacturing-sector company is expected to further boost investor confidence and interest in Nepal’s productive industries.