Sagar Distillery IPO Postponed

Sagar Distillery has postponed its Initial Public Offering (IPO), which was scheduled to open for the general public today (Bhadra 25).

In a notice issued on Wednesday, the company’s issue manager, Muktinath Capital, announced that due to the current adverse situation in the country, the public offering process has been suspended until further notice.

Earlier, the company had received approval to issue 1,452,000 shares worth Rs. 145.2 million, which is 20% of its paid-up capital of Rs. 726 million.

Out of this, 10% (145,200 shares) had already been allocated to Nepalis working abroad, 5% (72,600 shares) to mutual funds, and 43,560 shares were reserved for company employees.

The remaining 1,190,640 shares, worth Rs. 119 million at a face value of Rs. 100 per share, were set to be issued to the general public from today. However, the process has now been put on hold indefinitely.