IPO News

Daunne Agro Farm And Citizens Capital Enter Into Agreement For Share Issuance And Sales Management

Daunne Agro Farm, located in Binayi Tribeni Village of Nawalpur District in Gandaki Province, is a prominent producer of “antibiotic-free” eggs, supplying both urban and semi-urban markets. The farm currently produces 1,700 cartons of eggs per day, sourced from its 400,000 layer hens. To efficiently manage its daily operations, the company utilizes an advanced ERP system developed in Germany, ensuring streamlined processes and productivity.

With ambitious plans for growth, Daunne Agro Farm aims to scale up production to 2,600 cartons of eggs per day, eventually expanding its capacity to accommodate 600,000 hens. This strategic expansion is supported by the Nepal Opportunity Fund-1, managed by Aadhyanta Fund Management Limited. In addition, the farm plans to go public in the near future. Citizens Capital Limited has been appointed to provide advisory services for the share issuance and to manage the IPO process, pending approval from the Securities Board of Nepal (SEBON).

Through these initiatives, Daunne Agro Farm is poised to significantly increase its market presence and contribute to the growing demand for antibiotic-free eggs

Related: Three Star Hydropower Limited Has Proposed The Issuance Of 100% Right Shares, Pending Approval From The Electricity Regulatory Commission (ERC)

About Daunne Agro Farm

Daunne Corporate is a well-known entity in the poultry sector. Originally established as Daunne Traders in 2052 B.S. with a focus on egg trading, the company eventually expanded its offerings to include poultry feed and other supplementary products. Over the last decade, shifts in the business environment have significantly impacted the poultry industry’s structure and operations. In response to these changes, Daunne Corporate is now exploring ventures within the value chain to strengthen and diversify its position in the industry.

Shares:

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *