Sagar Distillery Limited IPO Allotment Concludes: Lucky 1,19,064 Applicants Allotted 10 Units Each via Lottery System

Sagar Distillery Limited's IPO allotment was concluded today at the premises of the issue manager, Muktinath Capital Limited, Naxal, Kathmandu.

The company had issued 11,90,640 units as an Initial Public Offering (IPO) to the general public from (30th Bhadra, 2082 to 5th 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 company's employees, 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 were for the general public.

The issue received a total of 21,93,823 valid applications for 23,882,210 units. Meanwhile, 32,011 applications for 3,79,220 units were disqualified.

As per the allotment module, 1,19,064 applicants were allotted 10 units each via lottery.

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Muktinath Capital Limited.

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%).