Sagar Distillery Completes IPO Allotment for Nepali Migrant Workers

Sagar Distillery Limited has successfully completed the allotment of its Initial Public Offering (IPO) targeted at Nepali citizens working abroad with official labor approval from the Government of Nepal.

The company had floated a total of 145,200 shares exclusively for migrant workers, and during the allotment process, 14,520 applicants received 10 shares each. The IPO was issued at a face value of Rs. 100 per share and remained open for subscription from August 12 to August 16 (2082 Saun 28 – Bhadra 1).

Muktinath Capital Limited acted as the issue manager for this offering. The company has announced that the next phase of the IPO issuance will be made available to the general public soon.