Sagar Distillery Limited has extended the closing date of its IPO for the general public. The IPO opened on Bhadra 30 and was originally scheduled to close on Ashoj 2, but the new closing date is now Ashoj 3.
The extension comes because today is a public holiday to remember the martyrs of the Gen Z protest, and SEBON rules require all IPOs to remain open for at least four working days. This ensures investors have enough time to apply.
The company has issued 1,190,640 units, but 416,646 investors have already applied for 4,838,220 units. This makes the IPO oversubscribed 4.06 times on the very first day, meaning many applicants may not receive any shares.
Investors who have not yet submitted their applications now have extra time to take part in this IPO. Make sure to apply before Ashoj 3 to secure your chance.
