Kathmandu – Sagar Distillery Limited has opened its Initial Public Offering (IPO) for the general public starting today. The company is issuing 1,190,640 shares at a par value of Rs. 100 each, amounting to Rs. 119.06 million.
Of the total, 72,600 shares have been reserved for mutual funds and 43,560 shares for company employees. General investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.
The IPO, originally planned for Bhadra 25, was postponed due to unfavorable national circumstances. Applications can be submitted through ASBA member banks and financial institutions, as well as via the Mero Share platform. The issue will close as early as Bhadra 24 and no later than Ashoj 3.
Muktinath Capital Limited is serving as the issue manager. Prior to this, the company had already floated the first phase of its IPO for Nepalis working abroad.
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