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Investing in the real economy

IPO · Asia Steel

Preferred shares of Asia Steel OJSC, a leading producer of rolled steel in Kyrgyzstan. Steady returns, transparent reporting, 0% dividend tax.

19%
Annual yield
8 000 som
Minimum investment
0%
Dividend tax
$19M
Offering size

Why invest

The real economy

Rolled steel underpins construction and industry. Constant demand keeps the business stable and its income predictable.

Low volatility

Predictable demand for steel products limits investment risk and supports steady income.

Local production

A plant near Bishkek means lower logistics costs, faster delivery and orders processed to the client's specification.

Transparency

Quarterly and annual reports, audited financial statements and access to documents in the investor's account.

Use of proceeds

Capacity expansion

Increasing the plant's production capacity to meet growing demand.

Higher productivity

Upgrading equipment and streamlining processes to improve efficiency.

Working capital

Replenishing working capital to keep the plant running without interruption.

Quality control

Introducing quality control systems and certifying products to international standards.

How to buy shares

01
📱
Download the app
Install the Namba One app from the App Store or Google Play.
App Store Google Play
02
🔐
Register
Register and complete KYC verification in the app.
03
Choose a package
Choose how many shares you want. The minimum is 8,000 som.
04
🎉
Pay online
Pay however suits you and track your investment in your account.

Investor documents

Prospectus (investment memorandum)
PDF
State registration decision
PDF
Terms of the share offering
PDF
Financial statements 2024
PDF
Statement of financial position
PDF
Information on assets and liabilities (5%+)
PDF
Accounts payable
PDF
Quarterly statements (30.06.2025)
PDF
Questions and answers

Frequently asked questions

What is a preferred share?

It is a security with a fixed dividend: it is paid before any dividend to holders of ordinary shares. You take no part in running the plant, but you receive steady payments at the set rate.

What is the yield and how often is it paid?

19% per annum on the par value of the share, paid quarterly. Dividends are credited to your account in the Namba One app.

Are there risks?

Investing in securities, like any investment, carries risk, including the risk of losing the money invested. The full terms and risks are set out in the prospectus registered with the regulator.

How do I buy shares?

Through the Namba One app: download it → complete verification → choose an Asia Steel share package → pay. The minimum investment is 8,000 som (2 shares at 4,000).

What is Namba One and is it safe?

Namba One is a Kyrgyz fintech app through which shares are bought and dividends are paid. It is also where you can see your shares and incoming payments.

How and when will I receive dividends?

Dividends accrue quarterly and are credited automatically to your Namba One account — no further action is needed.

Can I sell the shares before the term ends?

The issue has a term of 36 months. The shares are listed on the Envoys Vision exchange; for early sale and liquidity, please check with the underwriter, Financial Alliance.

Is the income taxed?

A 0% dividend tax rate is stated for this issue. Please confirm the current tax treatment with the underwriter or in the prospectus.

What if the plant goes bankrupt?

As with any investment, there is issuer risk. That said, holders of preferred shares rank ahead of ordinary shareholders for payments. The plant's financial position is disclosed in the statements published on this site.

Who are Financial Alliance and Envoys Vision?

Financial Alliance is the licensed underwriter of the issue (the offering arranger). Envoys Vision is the exchange where the shares are listed. Both are licensed professional participants of the Kyrgyz securities market.

How is this different from a bank deposit?

A deposit is money held at a bank; a share is a security issued by the plant, carrying dividend income and market risk. You can compare the potential return in the dividend calculator.

How can I check that this is legitimate?

The share issue has been registered by the state (registration number KG 0301250419 of 29.10.2025) with the Financial Market Regulation and Supervision Service of the Kyrgyz Republic. The documents are available in the Investors section.

Regulator's website (fsa.gov.kg) →

Start investing today

The minimum investment is 8,000 som. Buy shares in the Namba One app or contact us for a consultation.

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+996 553 309 909 ceo@asiasteel.kg WhatsApp
IPO underwriter
Financial Alliance
A licensed professional participant of the securities market, acting as underwriter and placing agent for Asia Steel shares
⚠ Disclaimer: Investing in securities involves risk. Past performance is no guarantee of future results. The stated 19% yield is indicative and is set by resolution of the general meeting of shareholders on the recommendation of the board of directors.