Annapurna Machha Dana Udyog Limited (AMDU), a leading agri-processing company in Nepal, has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for its forthcoming Initial Public Offering (IPO), as the company advances towards public listing and the next phase of large-scale industrial expansion.

The appointment was formalized through an agreement signed between AMDU Chief Executive Officer Mr Yash Puri and Laxmi Sunrise Capital Chief Executive Officer Mr Bijay Lal Shrestha. The partnership is expected to guide AMDU through the IPO process and support its planned entry into Nepal’s capital market.

The decision to proceed with the IPO was approved at AMDU’s first Annual General Meeting (AGM) held in December 2025, where shareholders endorsed the company’s conversion into a public limited entity. According to the company, the move is intended to strengthen corporate transparency, broaden the ownership base, and support long-term industrial expansion. The proposed public issue will be 10,09,53,100 units, with further details to be disclosed following regulatory approvals.

Commenting on the development, Chairperson Niranjan Thapa said the IPO represents both a corporate milestone and a broader commitment to sectoral growth.

“As a company, we are excited about the next phase of growth as we move towards the capital market. However, our focus extends beyond Annapurna Machha Dana alone. We see this as an opportunity to contribute to the growth of Nepal’s agriculture ecosystem by strengthening domestic production, reducing import dependency, and creating a more resilient value chain for farmers and producers,” he said.

Based in Khairahani, Chitwan, AMDU operates a modern manufacturing facility equipped with advanced European technology supplied by ANDRITZ, and currently has an installed production capacity of 33,500 metric tonnes per annum. The company manufactures a range of fish feed products under its flagship brand Matsya Roja, which has gained strong recognition among fish farmers for its quality, consistency, and performance. The company has also outlined plans to gradually expand production into other feed categories in line with market demand.

AMDU’s growth trajectory gained further momentum in July 2025 following an investment of Rs 216.8 million led by institutional investor Team Ventures and affiliates. The investment marked the company’s first institutional capital infusion and was directed towards promoting import substitution, strengthening domestic feed production, and supporting livelihoods across Nepal’s agricultural and aquaculture value chains.

AMDU’s planned IPO represents a notable development for Nepal’s capital market, particularly for the agri-processing and aquaculture sectors, which remain relatively under-represented on the bourse. Through its entry into the public market, the company aims to scale operations, improve logistics and supply-chain efficiency, and further reduce reliance on imported feed products, while enabling the general public to participate in the growth of a domestically rooted agri-industrial enterprise.

The proposed listing aligns with broader national priorities of strengthening domestic production, advancing agro-industrialisation, and reducing import dependency in key agricultural inputs. It also underscores the growing role of Nepal’s capital market as a source of long-term growth financing for industrial companies, with the potential to encourage wider participation from poultry and aquaculture businesses and contribute to deeper market development.