KATHMANDU, Sept 3: Sagar Distillery Limited is set to issue its Initial Public Offering (IPO) to the public from September 10.
Earlier, the company had already completed the allotment of shares designated for Nepali citizens working abroad.
Sagar Distillery opens its IPO for general public
For the general public, the company will issue 1,190,640 shares at a face value of Rs 100 each, amounting to Rs 119 million. Applications can be submitted as early as September 14 and no later than September 24. Investors may apply for a minimum of 10 shares and up to a maximum of 10,000 shares.
In its credit rating, ICRA Nepal assigned the company an “[ICRNP] B+ Issuer Rating,” indicating a high risk regarding the company’s ability to meet financial obligations on time.
Muktinath Capital Limited has been appointed as the issue manager for the IPO.
