Sagar Distillery’s Initial Public Offering (IPO) allocation was completed on Sunday, Aswin 12. The allocation process was conducted at Muktinath Capital Limited, the issue manager and share sales agent of the company.

The company had opened its IPO from Bhadra 30 to Aswin 9, offering 11,90,640 shares with a face value of NPR 100 each, amounting to NPR 11.90 crore, for the general public.

The IPO received applications from 22,27,503 investors for 2,42,80,580 shares, significantly oversubscribed compared to the offered shares. Out of these, 21,93,823 applications were found valid, and the remaining were rejected.

Due to oversubscription, the IPO shares were allocated through a lottery system. A total of 1,19,064 applicants received 10 shares each. Investors can check the final allocation results at CDSC IPO Result Portal.

This successful allocation marks a significant milestone for Sagar Distillery and provides retail investors an opportunity to participate in Nepal’s growing distillery sector.