SY Panel Nepal Prepares for NEPSE Listing Amid Strong Financial Growth

Kathmandu, 18 Mansir 2082 – SY Panel Nepal, a company established with South Korean investment, is gearing up for its public listing on the Nepal Stock Exchange (NEPSE). The firm, known for high-quality earthquake-resistant construction materials, has shown strong financial performance and aims to expand its operations with the funds raised from its IPO.

Company Background

• Founded: 20 Asar 2074 B.S.

• Founders: Bang Yeon Jai and Lee Wa Chun (South Korea)

• Registered Office: Kathmandu Metropolitan City–32, Tinkune

• Main Industry: Ratnanagar Municipality–14, Chitwan

• Products: Sandwich EPS panels, UPVC windows and doors

SY Panel was established after the devastating 2072 B.S. earthquake to address the urgent need for earthquake-resistant and safe construction materials in Nepal.

• EPS Panels: Energy-efficient, lightweight, durable, and suitable for residential, industrial, and institutional buildings.

• UPVC Doors & Windows: Soundproof, water-resistant, and long-lasting, increasingly in demand across the country.

The company now has over 50 active dealer networks nationwide.

IPO Details

• Current Paid-Up Capital: NPR 130 crore

• Shares for Public: 40% of total capital = 52,32,548 shares

• Allocation:

  • Local citizens in affected areas: 2%

  • Nepalese working abroad: 10%

  • Employees: 3%

  • Collective investment funds: 5%

  • General public: 40,46,158 shares

The IPO proceeds will be used to:

• Expand UPVC production capacity

• Strengthen working capital (estimated requirement for FY 2082/83: NPR 13.32 crore)

• Invest NPR 39 crore in SY UPVC Profile Pvt. Ltd. for local production

Financial Highlights

• Projected profit for FY 2082/83: NPR 22.83 crore

• Projected net worth per share: NPR 117.46

• Projected EPS: NPR 9.21

Financial growth reflects increasing market trust and operational efficiency.

Market Potential and Expansion

• SY Panel aims to introduce local UPVC production, reducing dependency on imports and lowering costs.

• Plans to expand brand awareness and dealer network across Nepal.

• Long-term goal: Enter Indian and South Asian markets with reliable, high-quality products.

• IPO listing expected opening range on NEPSE: NPR 106.61 – 319.83 per share.

SY Panel’s mix of South Korean technology, strong management, and expansion plans has created significant market interest, with analysts expecting a strong debut on NEPSE.

Summary Table – SY Panel Nepal IPO