Sagar Distillery Limited is set to complete the allotment of its Initial Public Offering (IPO) before Dashain, according to issue manager Muktinath Capital.
Muktinath Capital stated that the data verification process is in its final stage, and if all records are reconciled, the allotment will be completed before the festival.
The IPO attracted strong investor participation. By the closing day, a total of 23,52,493 applicants had applied for approximately 2,65,01,150 units, representing demand worth over Rs. 2.65 arba. Since applications far exceeded the available supply, allotment will be conducted through a lottery system. Out of all applicants, only 1,19,064 investors will receive 10 units each, while around 22,33,429 applicants will be left empty-handed.
Sagar Distillery had received approval to issue 14,52,000 units of shares, equivalent to 20% of its Rs. 72.60 crore paid-up capital. From this issuance, 1,45,200 units were reserved for Nepalese citizens working abroad, 72,600 units for mutual funds, and 43,560 units for employees. The remaining 11,90,640 units were opened to the general public.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
