Sagar Distillery Limited has extended the IPO application deadline for the general public to Aswin 5, 2082, following a public holiday, under the management of Muktinath Capital Limited.
Sagar Distillery Limited has extended the application period for its Initial Public Offering (IPO) for the general public. The IPO, initially open until Aswin 2, 2082, will now accept applications until Aswin 5, 2082 due to a public holiday on Aswin 1.
The company had obtained approval to issue an IPO worth NPR 14.52 crore, representing 20% of its issued capital of NPR 72.60 crore, totaling 14,52,000 shares. Of these, 10% (1,45,200 shares) have already been allotted to Nepali workers abroad. Additionally, 5% (72,600 shares) were allocated to collective investment funds, and 43,560 shares were reserved for company employees.
For general public investors, the remaining 11,90,640 shares have been made available. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. Based on the subscription, 1,19,064 applicants will receive shares at the rate of 10 shares per applicant.
The IPO issuance and sales are being managed by Muktinath Capital Limited, the company’s issue manager.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
