SY Panel Nepal Limited is opening its Initial Public Offering (IPO) for the general public from Kartik 19, 2082 (November 5, 2025). The company has received approval from the Securities Board of Nepal (SEBON) to issue 5,232,548 unit shares at a par value of Rs. 100 per share.
Check Sy Panel IPO RESULT
This is the second phase of the company’s IPO, following the earlier issue to project-affected locals and Nepali citizens working abroad.
Out of the total shares, 1,49,127 units have been reserved for company employees, and 2,48,546 units for mutual funds. The remaining 40,76,156 units will be available for the general public. Investors can apply for a minimum of 10 shares and a maximum of 50,000 shares. The application will remain open from Kartik 19 to Kartik 23, 2082.
Prabhu Capital Limited is the issue manager for this IPO. ICRA Nepal has assigned a rating of [ICRANP-IR] BB+, indicating a moderate degree of safety regarding timely payments.
The total issued capital of SY Panel Nepal Limited stands at Rs. 1.30 Arba, of which 40% is being issued to the public. Earlier, 2,61,627 shares were offered to project-affected locals of Chitwan, and 4,97,092 shares to Nepali workers abroad.
About the Company:
Established in July 2017, SY Panel Nepal Limited manufactures expanded polystyrene (EPS) and polyurethane foam (PUFF) sandwich panels, UPVC windows, steel doors, and EPS materials widely used in prefabricated house construction. The company’s manufacturing facility is located in Ratnanagar, Chitwan, and it operates through a network of 62 dealers across Nepal.
It is a subsidiary of South Korea–based SY Co. Limited, which holds around 63% ownership, while the rest of the shares are owned by Korean nationals associated with SY Co.
SY Panel Nepal Limited IPO Details
| Particulars | Details |
|---|---|
| Company Name | SY Panel Nepal Limited |
| Sector | Manufacturing (Construction Materials) |
| IPO Type | General Public Issue |
| IPO Open Date | Kartik 19, 2082 (November 5, 2025) |
| IPO Close Date | Kartik 23, 2082 (November 9, 2025) |
| Face Value per Share | Rs. 100 |
| Total Issued Shares | 52,32,548 units |
| Total Issue Size | Rs. 52.32 Crore |
| For Project-Affected Locals | 2,61,627 units (2%) |
| For Nepalese Working Abroad | 4,97,092 units (10% of public issue) |
| For Mutual Funds | 2,48,546 units |
| For Company Employees | 1,49,127 units |
| For General Public | 40,76,156 units |
| Minimum Application | 10 units (Rs. 1,000) |
| Maximum Application | 50,000 units (Rs. 50 lakh) |
| Issue Manager | Prabhu Capital Limited |
| Credit Rating | [ICRANP-IR] BB+ (Moderate Safety) |
| Company Location | Ratnanagar, Chitwan |
| Parent Company | SY Co. Limited (South Korea) |
| Major Products | EPS and PUFF Sandwich Panels, UPVC Windows, Steel Doors, EPS Materials |
| Incorporation Year | July 2017 |
| Website | synepal.com |