Kathmandu. Bajeko Sekuwa Limited, one of Nepal’s leading restaurant brands, is all set to issue IPO (IPO) at a premium price. The company has proposed to issue 20 percent shares to the general public through the IPO of and the promoter shareholders are also in discussion to issue the IPO at a premium price.

The company has called a special general meeting (SGM) on July 17 to endorse the IPO proposal.According to the company, the meeting will be held at 11:00 am at the registered office in Kathmandu. The meeting also has an agenda to delegate all the powers related to the IPO to the Board of Directors.

The AGM held on September 18 had approved the IPO proposal.The company has already given credit rating , according to which Care Ratings Nepal has assigned the company a rating of Moderate Safe, Care NP Triple B Issue.

The company has an authorized capital of Rs 1 billion and issued capital of Rs 750 million.The company, which has a paid-up capital of Rs 600 million, is preparing to issue shares worth Rs 15 0 million to the general public.

with a history of 49 years, started from Sinamangal in the Bajeko Sekuwa Airport area. Currently, the company has 29 branches in Nepal and abroad. Known for its traditional Nepali dishes and baked dishes, the brand has been providing more than 200 dishes to its customers. The company was registered as a private limited company on Kartik 23, 2066 BS and was converted into a public limited company on July 9, 2082.

Financially, the company has shown improvement in recent years.In the fiscal year 2078/79 to 2081/82, the operating income of the company increased by about 31% to Rs. 388 million. The company claims that the increase in revenue is due to the increasing demand for restaurant service with the expansion of the outlet and the expansion of the brand. On the other hand, there are increasing complaints that the quality of the baked goods is deteriorating in recent days.