Sagar Distillery Limited has opened the sale of its ordinary shares (IPO) from today (Wednesday), specifically for Nepalis working abroad.
The company plans to issue 1,452,000 shares worth Rs 145.2 million at a face value of Rs 100 per share, representing 10% of the total IPO allocation. The total issuance is equivalent to 20% of the company’s issued capital of Rs 726 million, amounting to Rs 145.2 million in shares.
For this tranche, only Nepalis currently employed overseas are eligible to apply. Applications can be submitted until Bhadra 1. Investors can apply for a minimum of 10 shares and a maximum of 7,000 shares.
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