Kathmandu. More than 23.5 lakh applications have been received on the last day of Sagar Distillery’s IPO. As per the CDS data till 5:07 pm today, a total of 2,352,493 applicants have applied for 2,65,150 units of shares worth Rs 2.65 billion.
The company had opened its IPO to the general public on September 15. The company has been granted permission to issue 14,52,000 units of shares worth Rs 14.52 crore, i.e. 20% of the issued capital of Rs 72.60 crore. Out of the total offered shares, 145,200 units have already been issued to Nepalese working abroad.
The company has set aside 5% i.e. 72,600 units to mutual funds and 43,560 units have been set aside for the employees of the company. The company is issuing 1,190,640 units of shares at a face value of Rs 11,90,64,000 to the general public.
Muktinath Capital has been appointed as the issue manager for the IPO issuance.
