IPO for General Public: Sagar Distillery Limited to Issue 11,90,640 Units IPO Shares from Bhadra 25
Summary
Sagar Distillery Limited announces an IPO of 11,90,640 shares for the general public starting from 25th Bhadra, 2082, with a par value of Rs. 100 each. Muktinath Capital Limited manages the issuance while Infomerics Nepal assigns a B+ credit rating to the company.
Key Points
- Sagar Distillery Limited will open its IPO to the general public on 25th Bhadra, 2082, offering 11,90,640 shares at Rs. 100 par value.
- The company has an issued capital of Rs. 72.60 Crores and is offering 20% to the public, with specific shares set aside for Nepali citizens abroad, employees, and mutual funds.
- Muktinath Capital Limited is the issue manager, and minimum and maximum application limits are 10 and 10,000 units respectively.
- Infomerics Credit Rating Nepal Limited rated the issuer as IRN B+ (Is), indicating a high risk of default.
