Saarathi Cable Industries added to SEBON IPO pipeline

KATHMANDU: Saarathi Cable Industries has been added to the Securities Board of Nepal’s (SEBON) IPO pipeline. The company had earlier submitted its proposal to SEBON for approval of an initial public offering (IPO).

The company said the inclusion in SEBON’s pipeline marked a significant milestone on its path to becoming a publicly listed firm and reflected its commitment to transparency, sustainable growth and long‑term value creation for stakeholders.

Saarathi Cable Industries, one of Nepal’s leading cable manufacturers, supplies cables and conductors for hydropower generation, transmission and distribution projects across the country. The company said its products support the development of the nation’s renewable energy infrastructure.

Proceeds from the proposed IPO will be used to expand production capacity through a new manufacturing plant. A key element of the planned expansion is the introduction of Nepal’s first underground wire manufacturing facility, which the company said would enhance domestic manufacturing capability and reduce dependence on imports.

The company also plans to establish an aluminium furnishing plant targeting export markets, an initiative expected to promote industrial exports, create employment and contribute to foreign currency earnings.

Saarathi Cable Industries said it remains committed to supporting Nepal’s hydropower‑driven energy future, industrial growth and sustainable development as it moves towards public listing.