Sagar Distillery Opens IPO Subscription for General Investors from Today

Sagar Distillery Limited has opened its long-awaited Initial Public Offering (IPO) to the general public starting today, Bhadra 30, 2082. The company had earlier completed the allotment of IPO shares allocated to Nepali workers abroad and institutional investors.

Out of the approved issuance of 1.45 million shares—representing 20% of the company’s paid-up capital—145,200 units were already allotted to Nepalis working overseas, 72,600 units to mutual funds, and 43,560 units reserved for company employees.

From today, a total of 1,190,640 units, equivalent to Rs. 11.9 crore at a par value of Rs. 100 per share, are being issued to general investors. The application window will remain open until Ashwin 2, with a possible extension until Ashwin 13 if undersubscribed. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.

The IPO has been rated “IRN Single B+ Issuer” by Infomerics Credit Rating Nepal, signaling a high level of risk in terms of the company’s ability to meet financial obligations on time. Muktinath Capital Limited has been appointed as the issue manager.

Applications can be submitted through C-ASBA-approved banks and financial institutions, or online via the Mero Share platform under the oversight of the Securities Board of Nepal.