Premier Distillery to Issue IPO, Appoints Siddhartha Capital as Issue Manager
Summary
Premier Distillery Limited is issuing 22.5 lakh shares to the public with Siddhartha Capital as the issue manager, aiming to strengthen Nepal's liquor industry and reduce import dependence.
Key Points
- Premier Distillery Limited will issue an IPO with 22.5 lakh shares priced at Rs. 100 each.
- Siddhartha Capital Limited is appointed as the issue and sales manager for the IPO.
- The company operates a modern integrated liquor manufacturing plant in Duhabi, Sunsari, established in 2012.
- Premier Distillery produces grain-based extra neutral alcohol and holds franchise agreements, including brands like Old Monk rum.
