Are you interested in investing in the stock market? Then you won’t want to miss this important update regarding the Sagar Distillery IPO! The deadline to apply for the Sagar Distillery Limited IPO has been extended, giving potential investors more time to participate in this initial public offering.
Initially, the deadline to submit your IPO application was set for October 2nd. However, due to a public holiday on October 1st, the deadline has been pushed back! You now have until October 5th to get your IPO application in. This is a fantastic opportunity to invest in a new company and potentially grow your investment portfolio.
Sagar Distillery Limited received permission to issue 1,452,000 shares, representing 20% of its total issued capital of 726 million rupees. Of these shares, 145,200 shares were allocated to Nepali citizens working abroad and have already been distributed. Additionally, 72,600 shares were allocated to mutual funds, and 43,560 shares were reserved for the company’s employees.
This means a significant number of shares are available for the general public! A total of 1,190,640 shares are available for general investors. Investing in an IPO is a popular way to get in on the ground floor of a growing company, and this is a chance to do just that.
How to Apply for the Sagar Distillery IPO:
- Minimum Investment: Investors can apply for a minimum of 10 shares.
- Maximum Investment: The maximum application is for 10,000 shares.
- Lottery System: It’s anticipated that 119,064 applicants will receive 10 shares each.
The Sagar Distillery IPO is being managed by Muktinath Capital Limited, the issuing and sales manager. Be sure to check with them or your brokerage account for the precise application process. Don’t miss out on this investment opportunity! Take advantage of the extended deadline and consider investing in the Sagar Distillery IPO. Stay updated on Nepali stock market news and investment tips to make informed decisions. This is a chance to explore stock market investments in Nepal and learn about IPO investment strategies. Start investing today!
