Sagar Distillery Limited has opened its IPO for public investors today, offering over 1.19 million shares worth NPR 11.90 crore.
Sagar Distillery Limited has opened its initial public offering (IPO) for general investors starting today, Bhadra 30. Prior to this, the company had already allotted 145,200 shares reserved for Nepali citizens working abroad.
Out of the total issue, 72,600 shares (5%) have been allocated to mutual funds, while 43,560 shares have been set aside for company employees.
The company is now offering 1,190,640 shares to the general public, which amounts to NPR 119,064,000. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The application period will remain open until Asoj 2, with the deadline extendable up to Asoj 13 if necessary.
According to Infomerics Credit Rating Nepal, the company has been assigned an issuer rating of IRN Single B+, indicating a high risk regarding its ability to meet financial obligations.
Muktinath Capital Limited is managing the issue. Interested investors can apply through the C-ASBA system via ASBA-approved banks and financial institutions.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
