Sagar Distillery IPO allotment process has been completed. The allotment was done today at the office of the issue manager, Muktinath Capital Limited.
Nearly 70 thousand people applied
A total of 145,200 shares worth NPR 14.52 million were reserved for Nepali citizens working abroad. Applicants could apply for a minimum of 10 shares and up to a maximum of 7,000 shares. The allotment lottery has determined the lucky applicants, and the rest will receive refunds soon.
Sagar Distillery opening price range?
According to the company’s financial report for fiscal year 2080/81, its Earnings Per Share (EPS) stands at NPR -3.71, while its net worth per share is NPR 106.52. Based on NEPSE’s rule of allowing up to three times the net worth, the official opening price range for Sagar Distillery’s shares is expected to be between NPR 106.52 and NPR 319.
AllStocksInfo prediction
Since Sagar Distillery is a distillery IPO and such companies are rare in Nepal, the market scope is considered high. Based on current demand trends and sector uniqueness, AllStocksInfo predicts that the trading price per unit could potentially range between NPR 700 and NPR 800 once listed on NEPSE.
