Today is the Final Day to Apply for Sagar Distillery’s IPO

Today is the final day to apply for the IPO of Sagar Distillery Limited, which was opened for Nepalis working abroad on July 28. The subscription closes on September 1. The company received approval to issue 1,452,000 shares worth NPR 145.2 million, representing 20% of its issued capital of NPR 726 million.

Out of this, 145,200 shares, equivalent to 10%, have been reserved for Nepalis working abroad with valid labor permits. Applicants can apply for a minimum of 10 shares and a maximum of 7,000 shares. Infomerics Credit Rating Nepal has assigned the company an IRN Single B Plus issuer rating, indicating high risk in meeting financial obligations on time. Muktinath Capital Limited is the issue manager, and applications can be submitted through ASBA-participating banks and financial institutions.