Kathmandu - NIC ASIA Capital Limited and Paicho Pasal Pvt. Ltd. have entered into a formal agreement on the issuance of Initial Public Offering (IPO) of Paicho Pasal. Under this partnership, NIC ASIA Capital will serve as the Issue Manager, providing end-to-end support to facilitate Paicho in issuing shares to the general public through Initial Public Offering (IPO).

Paicho Pasal Pvt. Ltd. is a multifaceted company whose operations primarily focus on empowering smallholder farmers and the agricultural sector in Nepal through its grassroots presence and activities. Recognized for its purpose-driven agribusiness enterprise, the company has gained acclaim for its innovative approach in transforming high-altitude vegetables into high-quality consumer products, such as tomato ketchup, pickles, and jams.

Beyond its food business, Paicho Pasal is deeply committed to inclusive growth, working closely with  farmers from seed to shelf to uplift rural communities. The company provides technical guidance, post-harvest solutions, and market access, thereby creating livelihood opportunities both on and off the farm.

The IPO initiative represents a pivotal moment in Paicho’s trajectory, symbolizing its aspiration to amplify its influence and expand its operational reach. Given that agriculture occupies a substantial proportion of Nepal’s population, comprising over half, and contributes approximately a quarter of the nation’s Gross Domestic Product (GDP), supporting entities such as Paicho assumes paramount importance in catalyzing long-term, resilient growth within this sector.

The partnership aligns seamlessly with broader development objectives, particularly those championed by the Commercial Agriculture for Smallholders and Agribusiness (CASA) program supported by the Foreign, Commonwealth & Development Office (FCDO). Paicho has been guided by True North Associates, a pioneering private equity and venture capital firm, through the CASA program. This partnership’s primary focus is on facilitating solutions that empower Paicho to enhance its resource capacity, strengthen its corporate governance, and prepare its business for entry into public markets.