SY Panel Nepal Limited IPO Opens for the Public
SY Panel Nepal Limited (SYPNL) has opened its Initial Public Offering (IPO) for the general public at a face value of Rs 100 per share. The IPO opens on November 5, 2025 (Kartik 19) and will close on November 9, 2025 (Kartik 23) — or extend until November 18, 2025 (Mangsir 3) if undersubscribed. Investors can apply for a minimum of 10 shares and up to a maximum of 50,000 shares.
Authorized Public Issue & Allotment Breakdown
The company’s issued capital stands at approximately Rs 1.3089 billion. Of this, 40% (or 5,232,548 shares) has been approved for public issuance. Earlier phases covered 261,627 shares for project-affected locals and 497,092 shares for Nepalis working abroad, both of which have already been allotted. This current phase includes 4,076,156 shares for the general public.
IPO Allocation Structure
| Category | No. of Shares | Status |
|---|---|---|
| Total Approved Public Shares (40% of issued capital) | 5,232,548 | Approved by SEBON |
| Project-Affected Locals | 261,627 | Allotted in first phase |
| Nepalis Working Abroad | 497,092 | Allotted in first phase |
| General Public (current phase) | 4,076,156 | Open from Nov 5, 2025 |
All figures are based on official prospectus and verified IPO notices.
How to Apply
- Apply through any C-ASBA member bank or financial institution approved by SEBON.
- Investors can also apply online via Prabhu Capital or their respective bank/broker portals using the C-ASBA system.
Credit Rating
ICRA Nepal has assigned [ICRANP-IR] BB+ Issuer Rating to the company (upgraded from BB in September 2025), indicating a moderate level of credit risk and improved financial outlook.
About the Company
SY Panel Nepal Limited manufactures EPS/PUF sandwich panels, insulated building solutions, UPVC doors and windows, and related energy-efficient materials. The company’s production plant is located in Ratnanagar, Chitwan, and it operates in collaboration with South Korea–based SY Co. Ltd.
IPO results will be published a few days after the issue closes. Visit Prabhu Capital – IPO Allotment and enter your BOID to check the result.
Important Dates
- Open Date: November 5, 2025 (Kartik 19)
- Early Close: November 9, 2025 (Kartik 23)
- Extended Close: November 18, 2025 (Mangsir 3)
FAQ – Frequently Asked Questions
When does the SY Panel Nepal IPO open and close?
It opens on November 5 and closes on November 9, 2025 (may close on November 18 if undersubscribed).
What is the price per share?
Each share is priced at Rs 100 (par value).
What is the minimum and maximum application limit?
Investors can apply for a minimum of 10 and a maximum of 50,000 shares.
Who is the issue manager?
Prabhu Capital Limited is the issue and sales manager.
What is the ICRA credit rating?
ICRA Nepal assigned [ICRANP-IR] BB+ (moderate risk category).
Where can I check the IPO result?
You can check results on the Prabhu Capital website under IPO Allotment by entering your BOID.
What does SY Panel Nepal manufacture?
It produces EPS/PUF sandwich panels and energy-efficient building materials.
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Sources: SEBON filings, ShareSansar IPO notices, Prabhu Capital announcements, ICRA Nepal rating reports, and official company disclosures.
Reviewed by Roshan kumar
on
November 11, 2025
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