Sagar Distillery to Issue IPO to General Public; Proposal Approved by SEBON
Sagar Distillery Limited is set to issue an IPO ( Initial Public Offering ) to the general public following approval from the Securities Board of Nepal (SEBON) on Shrawan 12, 2082. The company will offer 1,452,000 equity shares, which represent 20% of its total issued capital, at a par value of NPR 100 per share.
Muktinath Capital Limited has been appointed as the issue manager for the initial public offering. Sagar Distillery has received an issuer rating of IRN B+ (Is) from Infomerics Credit Rating Nepal Limited, indicating a high risk of default in meeting financial obligations on time.
Established in 2014 and converted to a public limited company in May 2023, Sagar Distillery produces high-quality vodka, whiskey, and gin, with a 5 million-liter annual capacity. Popular brands include Lalipop, Royal Blue, Grey Wolf, Berries & Blues, and Nepse Bulls. The IPO is supported by major promoters Sandeep Jalan (17.48%), Ashutosh Khetan (19.08%), and Alka Goyal (15.10%).
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