CHITWAN, Jan 3: Daunne Agro Farm Limited is set to issue an Initial Public Offering (IPO) worth Rs 100 million to the public. The decision was made during the company’s seventh annual general meeting, following its establishment and entry into the public sector.
Located in Sardi, Binayi Tribeni Municipality-3, in the Nawalparasi (Susta-Tribeni East) region, the farm currently houses 400,000 chickens. According to Chairman Raghunath Bhatt, the farm aims to expand this number to 600,000 in the near future.
Organic agro farm in operation
Daunne Agro Farm claims to be the first company in the poultry sector to issue an IPO. The company’s general meeting unanimously elected a board of directors, led by Chairman Bhatt, with members including Binod Pokharel, Bipin Pokharel, Hemraj Badal, and Himalaya Paudel. The company’s Managing Director, Binod Pokharel, provided the details.
Founded in 2017, the farm started with just 100,000 chickens. Currently, the farm produces over 350,000 eggs daily. Some of the eggs are branded and marketed under the “Daunne Happy Egg” brand, with packaging available in 15 and 30-egg crates, reaching major cities and rural areas across the country.
The farm is equipped with advanced automated machinery imported from Germany and Malaysia, and its modern practices ensure high-quality egg and meat production. Managing Director Pokharel expressed confidence in the company’s success, driven by their seven years of experience and positive outcomes.
The farm, established with investment from experienced farmers and poultry industry professionals, aims to lower costs and maintain quality production. Pokharel also revealed that the company has signed an agreement with Citizens Capital for the IPO issuance.
