Sagar Distillery Limited Closing IPO Shares to Nepalese Employed Abroad From Today

Sagar Distillery Limited is closing the issue of its IPO shares to the foreign Nepalese Immigrants today, the 1st Bhadra, 2082. The issue opened on the 28th Shrawan, 2082.

The company's issued capital is Rs. 72.60 Crores, of which 20%, i.e., 14,52,000 unit shares worth Rs. 14.52 Crores, will be issued later for the general public. Of this public issue, 10% of the shares, totaling 1,45,200 unit shares, have been allocated for Nepalese citizens working abroad, the issue of which will close from today.

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 7,000 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%).

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