NIC Asia Capital to Manage Birat Agri’s Proposed IPO

NIC Asia Capital Limited has entered into an agreement with Birat Agri Limited to provide institutional advisory services and serve as the issue and sales manager for the company’s proposed Initial Public Offering (IPO). Through its “IDEA to IPO” service, NIC Asia Capital will assist Birat Agri in transitioning from a private company to a publicly listed entity and support the company throughout the IPO process, subject to applicable laws, regulatory requirements, and necessary approvals. Based in Itahari-13, Sunsari, Birat Agri operates commercial integrated agriculture and fish farming across more than 100 hectares of reservoir area, with around 150 ponds spread across Morang and Sunsari. The company also operates a fish-feed manufacturing plant with a production capacity of 25 tonnes per day. The company plans to utilize the funds raised through the proposed IPO to expand its production capacity, develop modern processing infrastructure, and strengthen its integrated “Farm to Market” value chain. Its planned expansion includes establishing a fish filleting and processing plant, a 10-ton-per-day pellet feed plant, cold storage facilities, and packaging and marketing infrastructure. The proposed IPO remains subject to the required regulatory approvals and applicable legal procedures.