Last Chance! Apply for Sagar Distillery IPO Today! IPO Application Deadline
Attention Nepalese working abroad! Today is the final day to apply for the Sagar Distillery Limited IPO. Don’t miss this opportunity to potentially invest in Nepal’s stock market!
Sagar Distillery launched its Initial Public Offering (IPO) on July 28th, and the first phase is specifically for Nepalese citizens currently working in foreign countries. The Nepal Securities Board (SEBON) authorized the company to issue a total of 1,452,000 ordinary shares, each priced at NPR 100.
Foreign Employment IPO allocation includes 145,200 shares reserved for Nepalese migrant workers. The minimum application is for 10 shares, while the maximum is 7,000 shares. This means you can invest a minimum of NPR 1,000 and a maximum of NPR 700,000. Remember, the application deadline is today, so make sure your IPO application is submitted before the end of banking hours.
How to Apply for the IPO:
The IPO application process is designed to be straightforward. If you are a Non-Resident Nepali (NRN), you can apply through banks and financial institutions that offer ASBA services. Alternatively, you can easily apply using the Mero Share app. Don’t forget to check the IPO allotment status after the IPO results are announced!
Important Information about Sagar Distillery:
Infomerics Credit Rating Nepal has assigned an “IRN Single B Plus Issuer” rating to the company’s IPO, indicating a high risk in meeting financial obligations on time. The issue manager for this IPO is Muktinath Capital Limited.
Key Takeaways for Potential Investors:
- Final Day: Apply today before the deadline!
- Target Audience: This IPO is for Nepalese citizens working abroad.
- Investment Amount: Invest between NPR 1,000 and NPR 700,000.
- Application Method: Use ASBA services or the Mero Share app.
- Issuer Risk: Be aware of the credit rating.
- IPO for Nepali citizens
- Primary Market Investment
- Stock market investment for Nepalese in foreign employment
Don’t delay – secure your Sagar Distillery IPO application today! This is your chance to participate in a new IPO and potentially grow your wealth through stock market investments.
