Sagar Distillery, a company in the manufacturing sector, is preparing to enter the share market. The company has announced that it will issue an initial public offering (IPO) to the general public. This move comes despite the company currently having a negative earnings per share (EPS) of -3.71.
The IPO will open on Bhadra 25 and remain available until Bhadra 29. A total of 11,90,640 shares will be offered to the public. Each share will be priced at Rs 100. Muktinath Capital Limited will manage the entire IPO process as the issue manager.
With only a five-day application period, interested investors will need to decide quickly if they want to participate. The IPO will give the public a chance to own shares in Sagar Distillery, even as the company works to improve its financial performance.
