Kathmandu, Oct. 15
Daunne Agro Farm Limited
(DAFL) is all set to issue its shares to public and appointed Citizens Capital
Limited (CCL) the sales manager for the Initial Public Offering.
Binod Pokharel, Executive
Director of DAFL, and Sabir Bade Shrestha, Chief Executive Officer of CCL,
signed an agreement for the same.
Established eight years
ago, DAFL is the largest egg production company in Nepal. It has been producing
1,700 cartons of 'antibiotic-free' and quality eggs per day from 400,000 layers
of chickens and selling them in most of the urban, semi-urban and tourist
areas of the country, the companies informed in a statement on Tuesday.
The farm aims to produce
2,600 cartons of eggs per day from a total of 600,000 chickens in the future. DAFL
is situated in Sardi of Binayi Triveni Rural Municipality-3 in Nawalparasi
(East).
Nepal Opportunity Fund-1
under Adhyanta Fund Management Limited also has an investment in that company.
CCL will provide consultation
to the company regarding the shares issuance, and manage the IPO after getting the
approval from the Securities Board of Nepal.
Published in The Rising Nepal daily on 16 October 2024.
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