Sagar Distillery IPO Allotment Concludes: 1,19,064 Applicants Receive 10 Units Each

The IPO allotment of Sagar Distillery Limited (SDL) was completed today at the premises of the issue manager, Muktinath Capital Limited, Naxal, Kathmandu.

The company had issued 11,90,640 units of shares to the general public from Bhadra 30 to Ashwin 5, 2082. Sagar Distillery’s paid-up capital stands at Rs. 72.60 crores, of which 20% (14,52,000 unit shares worth Rs. 14.52 crores) was allocated for public issuance. Out of this, 10% (1,45,200 units) were set aside for Nepali citizens working abroad, 3% (43,560 units) for employees, and 5% (72,600 units) for mutual funds. The remaining 11,90,640 units were available to the general public.

The IPO received 21,93,823 valid applications for a total of 2,38,82,210 units, while 32,011 applications for 3,79,220 units were disqualified. As per the allotment module, only 1,19,064 lucky applicants were allotted 10 units each via lottery.

Investors can check the IPO result through CDSC IPO Result, MeroShare, and Muktinath Capital Limited.

Infomerics Credit Rating Nepal Limited has assigned SDL an issuer rating of IRN B+ (Is) [Single B Plus (Issuer)], indicating a high risk of default in meeting financial obligations on time.

Established in 2014 and converted into a public limited company on May 21, 2023, Sagar Distillery Limited specializes in blending and bottling premium liquors including vodka, whiskey, and gin. With an annual production capacity of 5 million liters, its popular products include Lalipop (various flavors), Royal Blue, Grey Wolf, Berries & Blues, and Nepse Bulls.

The company’s key promoters are Mr. Sandeep Jalan (17.48%), Mr. Ashutosh Khetan (19.08%), and Ms. Alka Goyal (15.10%).