Natural Spirits Nepal Appoints Muktinath Capital as Issue Manager for Upcoming IPO
Natural Spirits Nepal, maker of Seto Bagh Vodka and Sarangi Whisky, will issue 15 lakh shares (20% capital) in an IPO managed by Muktinath Capital.
Natural Spirits Nepal Limited, one of Nepal’s fastest-growing liquor producers, has appointed Muktinath Capital Limited as the issue manager for its planned Initial Public Offering (IPO). The agreement was signed in Kathmandu between Chairman Asim Sitaula of Natural Spirits and CEO Kabindra Dhoj Joshi of Muktinath Capital during a formal ceremony.
The company intends to issue 1.5 million ordinary shares, equivalent to 20% of its issued capital, to the general public.
Founded on December 14, 2014 (Mangsir 14, 2071), Natural Spirits operates a state-of-the-art production facility in Galchi, Dhading, and maintains its central office in Hadigaun, Kathmandu. The company has an annual production capacity of 12 million liters, currently marketing two core brands: Seto Bagh Vodka (30%) and Sarangi Whisky (40%). A new premium product, Rara Blues Vodka (40%), is slated for launch.
By entering the capital market, Natural Spirits aims to expand its market presence, strengthen brand recognition, and diversify financing sources to drive future growth. The IPO reflects a broader strategy to solidify its role in Nepal’s rapidly evolving liquor industry while ensuring transparent governance through public participation.