Asian Thai Foods Ltd. Prepares for IPO, Appoints Himalaya Securities Banker as Issue Manager
Asian Thai Foods Ltd., has appointed Himalaya Securities Banker Ltd. to manage its upcoming IPO, marking a major step in its expansion and capital market entry.
ShareSanskar | Shrawan 28, 2082
Asian Thai Foods Ltd., the powerhouse behind Nepal’s iconic Rumpum noodles, has announced its plan to go public, marking a historic shift from a privately held family enterprise to a publicly traded corporation. The move comes as the company, headquartered in the Sunsari-Morang Industrial Corridor, continues to strengthen its position as a leader in the fast-moving consumer goods (FMCG) sector. Known for brands such as Rumpum, 2 PM, and Preeti, the company has built unmatched consumer trust over decades while exporting to more than 30 countries, a rare feat for a Nepal-origin FMCG brand.
The company has appointed Himalaya Securities Banker Ltd. as its IPO issue manager. This collaboration, formalized through an agreement signed by Asian Thai Foods’ senior leadership, leverages Himalaya Securities’ deep expertise in merchant and investment banking, creating a strong foundation for the IPO’s success. The partnership also signals the company’s commitment to transparent governance and professional market engagement.
Asian Thai Foods’ decision to enter the stock market comes at a time when Nepal’s FMCG sector is undergoing rapid evolution, fueled by rising incomes, urbanization, and shifting consumer preferences. The company plans to channel IPO proceeds into expanding manufacturing capacity, enhancing supply chain efficiency, innovating new product lines, and scaling its presence in untapped international markets. With its strong brand equity and extensive distribution networks, Asian Thai Foods is well-positioned to capitalize on both domestic growth opportunities and global market potential.
