Premier Distillery Limited has announced plans to issue primary shares (IPO) to the general public. The company intends to offer 22,50,000 shares at a face value of NPR 100 per share.
For the IPO issuance, Siddhartha Capital Limited has been appointed as the issue manager. The agreement was signed by Gaurav Sharda, Director of Premier Distillery, and Sandip Karki, Chief Executive Officer of Siddhartha Capital.
Founded in 2069 B.S. in Duhabi, Sunsari, with an initial investment exceeding NPR 1 billion, Premier Distillery is among Nepal’s most modern integrated liquor production companies. The company produces grain-based extra neutral alcohol required for vodka, whisky, rum, and gin.
Premier Distillery manufactures a variety of brands, including its flagship ‘The Himalayan Reserve’ whisky, and under a franchise agreement with India’s Mohan Meakin Limited, produces ‘Old Monk Rum’ along with several other products.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
