Sagar Distillery IPO Application Deadline Extended! Invest in Nepal’s Stock Market!
Are you looking for investment opportunities in Nepal? Don’t miss out! The application deadline for the Sagar Distillery Limited IPO has been extended! Originally open from Bhadra 30th, the IPO application period now continues until Asar 5th. This is your chance to participate in the Nepal share market!
This Sagar Distillery IPO follows the successful allocation of shares to Nepali citizens working abroad. Now, the general public has the opportunity to invest.
IPO Details and Offering:
Sagar Distillery Limited is issuing a significant number of shares. They were approved to issue 1,452,000 shares, representing 20% of their 726 million rupees issued capital.
- Shares for Foreign Employment: A portion of the IPO was dedicated to Nepalese working overseas, and these have already been allocated.
- Collective Investment Schemes: 5% of the shares, equivalent to 72,600 shares, were allocated to mutual funds or collective investment schemes.
- Employee Allocation: Another 43,560 shares were reserved for employees of the company.
- Shares for the Public: The current offering is for the general public, encompassing 1,190,640 shares, which is valued at approximately 119 million rupees.
How to Apply for the Sagar Distillery IPO
The shares are priced at 100 rupees per share. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. This IPO presents a great way to enter the Nepali stock market and diversify your investment portfolio.
Key Information for Investors:
- IPO Issue Manager: The issue manager for this Sagar Distillery IPO is Muktinath Capital Limited.
- Investment Strategy: Investing in IPOs can be a lucrative strategy. This IPO provides a chance to participate in the growth of a well-established company. Stock market investments offer the opportunity for potential capital gains.
- Investment Advice: Financial advisors can provide guidance on investing in stocks, assessing risk tolerance, and building a well-balanced investment strategy.
Don’t delay! Apply for the Sagar Distillery IPO before the application deadline of Asar 5th and take a step towards your financial goals! This is a great opportunity for those looking to invest in Nepal and explore the stock market for long-term financial growth. New investors should always conduct thorough research, consult with financial advisors and do their own due diligence.
