Shree Steels Limited has appointed Nabil Investment Banking Limited as the issue and sale manager for its initial public offering (IPO). The agreement in this regard was signed by Rajesh Kumar Agrawal, Managing Director of the company on behalf of Shree Steels Limited and Manish Narayan Joshi, Chief Executive Officer of the company on behalf of Nabil Investment Banking Limited.

The company stated that the agreement was signed in the presence of the issuing company's Chief Executive Officer Somesh Agrawal.

In accordance with the provisions of the Securities Registration and Issuance Regulations and the Securities Issuance and Allotment Guidelines, the company is going to issue primary shares to the general public in the near future after obtaining the necessary approval from the regulatory body, the company said in a statement.