Natural Spirits Nepal Limited Appoints Muktinath Capital as Issue Manager for Upcoming IPO

Natural Spirits Nepal Limited, the producer of Seto Bagh Vodka and Sarangi Whisky, has appointed Muktinath Capital Limited as the issue manager for its upcoming Initial Public Offering (IPO). The agreement was signed by Chairman Asim Sitaula of Natural Spirits and CEO Kabindra Dhoj Joshi of Muktinath Capital during a formal ceremony.

The company plans to issue 15,00,000 ordinary shares, representing 20% of its issued capital, to the general public.

Established in 2071 Mangsir 14 (December 14, 2014), Natural Spirits is one of Nepal’s fastest-growing liquor companies, with a modern production facility in Galchi, Dhading, and a central office in Hadigaun, Kathmandu. With a production capacity of 12 million liters annually, the company currently markets Seto Bagh Vodka (30%) and Sarangi Whisky (40%), and is set to launch a new product, Rara Blues Vodka (40%).

The company focuses on high-quality liquor production, leveraging modern technology, innovative products, and strong branding to redefine the market.The IPO marks a strategic move as the company aims to expand its market presence and strengthen its position in Nepal’s liquor industry.