Sagar Distillery Limited will issue ordinary shares to general investors from Bhadra 25, 2082, offering 11.90 lakh shares worth Rs. 11.90 crore.
Sagar Distillery Limited is set to launch its initial public offering (IPO) for general investors starting Bhadra 25, 2082. Earlier, the IPO allocation for Nepalis working abroad has already been completed.
The company received approval to issue 20% of its paid-up capital, equivalent to Rs. 14.52 crore (14.52 lakh shares) from its total paid-up capital of Rs. 72.60 crore. Of this, 1,45,200 shares (10%) were reserved for Nepalis working abroad, 72,600 shares (5%) for mutual funds, and 43,560 shares for company employees.
For general investors, 11,90,640 shares with a par value of Rs. 100 per share will be available, totaling Rs. 11.90 crore. Investors can submit applications until Bhadra 29, 2082. If demand is insufficient, the application period may be extended to Asoj 8, 2082.
The IPO has been rated IRN Single B Plus by Infomerics Credit Rating Nepal, indicating a high-risk level. Muktinath Capital Limited is the issue manager for this IPO. Investors can apply through the C-ASBA system.
This article was originally published on https://bajarkochirfar.com. Translated and edited with the help of AI and reviewed by our editorial team.
