IPO for General Public: Sagar Distillery Limited to Issue 11,90,640 Units IPO Shares from Bhadra 25

Sagar Distillery Limited will open its Initial Public Offering (IPO) for the general public on the 25th Bhadra, 2082. The company is issuing 11,90,640 unit shares at a par value of Rs. 100 per unit. The early closing date for the IPO is the 29th Bhadra, 2082, but if the issue is not fully subscribed by then, the deadline will be extended to the 8th of Ashwin, 2082.

The company's issued capital is Rs. 72.60 Crores. 20% will be issued to the public, i.e., 14,52,000 unit shares worth Rs. 14.52 crores. Of this public issue, 10% of the shares, totaling 1,45,200 unit shares, were already allotted to the Nepalese citizens working abroad.

Of the general public issue, 3%, i.e., 43,560 units, have been set aside for the employees of the company, and 5% of the total offered shares, i.e., 72,600 units, have been set aside for the mutual funds. The remaining 11,90,640 units are for the general public, which will be opened on 25th Bhadra.

Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance. Applications could be placed for a minimum of 10 units and a maximum of 10,000 units.

Infomerics Credit Rating Nepal Limited (Infomerics Nepal) has assigned an issuer rating of IRN B+ (Is) [Single B Plus (Issuer)]. Entities with this rating are considered to carry a high risk of default in meeting their financial obligations on time.

Sagar Distillery Limited (SDL), established in 2014 and converted to a public limited company on May 21, 2023, specializes in blending and bottling high-quality liquors such as vodka, whiskey, and gin. With an annual production capacity of 5 million liters, SDL's products include Lalipop (various flavors), Royal Blue, Grey Wolf, Berries & Blues, and Nepse Bulls. The company is primarily promoted by Mr. Sandeep Jalan (17.48% shareholding), Mr. Ashutosh Khetan (19.08%), and Ms. Alka Goyal (15.10%).

Offer Letter