Dhaunne Agro Farm Initiates IPO Process

Dhaunne Agro Farm, the largest egg-producing company in Nepal, has taken a significant step towards launching its Initial Public Offering (IPO). On Tuesday, an agreement was signed between Dhaunne Agro Farm and Citizens Capital Limited, appointing Citizens Capital as the IPO issuance and sales manager. The agreement was signed by Binod Pokhrel, Executive Director of Dhaunne Agro Farm, and Sabir Bade Shrestha, CEO of Citizens Capital.

IPO Issuance Agreement: Under this agreement, Dhaunne Agro Farm has appointed Citizens Capital Limited to manage the IPO issuance process. Citizens Capital will be responsible for overseeing the IPO process.

Company Foundation and Production: Established in 2017, Dhaunne Agro Farm is recognized as the largest egg producer in Nepal. Using fully automated, climate-controlled technology imported from Germany and Malaysia, the company produces approximately 1,700 cartons of antibiotic-free eggs daily.

Future Production Goals: Currently, the farm operates with around 400,000 layer chickens. However, the company plans to increase the number of chickens to 600,000, with a daily production goal of 2,600 cartons of eggs.

Technology and Management: The farm utilizes German-developed ERP software to manage the entire egg production process. This software monitors unit cost calculation, sales management, and inventory management processes.

Foreign Investment: Dhaunne Agro Farm also receives investment from the Nepal Opportunity Fund -1, providing additional financial resources and supporting the company’s growth.

IPO Process: Once Citizens Capital obtains approval from the Securities Board of Nepal, the IPO issuance process will proceed, marking Dhaunne Agro Farm’s entry into Nepal’s capital market.