Sagar Distillery Limited’s Initial Public Offering (IPO), open since Shrawan 28, is closing today (Sunday). The company issued shares exclusively for Nepali citizens working abroad.
The company had received approval to issue 1,452,000 shares worth Rs. 145.2 million, which is 20% of its total paid-up capital of Rs. 726 million. Out of this, 145,200 shares worth Rs. 14.52 million were allocated for Nepalis who have obtained labor approval from the Government of Nepal and are currently working overseas.
Applicants must apply for a minimum of 10 shares and can apply for up to 7,000 shares.
Muktinath Capital Limited is the issue and sales manager. Eligible Nepalis abroad can apply through the C-ASBA system using banks and financial institutions approved by the Securities Board of Nepal (SEBON).
