Sagar Distillery IPO Draws 2.35 Million Applications, Oversubscribed 22.25 Times
Sagar Distillery’s IPO attracted 2.35 million applicants for just 1.19 million units, oversubscribing demand by 22.25 times.
Sagar Distillery Limited’s initial public offering (IPO) has generated overwhelming investor interest, with applications soaring far beyond available shares.
According to issue manager Muktinath Capital Limited, a total of 2,352,493 investors applied for 26.51 million units, compared to just 1,190,640 units available for the general public. This means the IPO was oversubscribed by 22.25 times.
The surge in demand reflects the strong appetite among Nepali retail investors, who continue to chase limited primary offerings despite rising risks of oversubscription. With such high participation, allotments will follow the lottery system, where only a fraction of applicants will secure 10 units each.
Analysts note that while oversubscription highlights the liquidity and retail-driven nature of Nepal’s capital market, it also underscores the scarcity of new, quality listings.