Sagar Distillery IPO Postponed: What Investors Need to Know
Breaking News for Nepalese investors! Sagar Distillery, which was scheduled to launch its Initial Public Offering (IPO) on Bhadra 25th (September 10th), has postponed its IPO issuance. This is significant news for anyone interested in investing in the Nepal stock market.
The IPO, managed by Muktinath Capital, has been delayed due to the current market conditions in the country. The announcement has left many investors wondering about the future of the Sagar Distillery IPO. When will the Sagar Distillery IPO open?
Key Details of the Sagar Distillery IPO
The company was planning to issue 1,452,000 shares, which is 20% of the company’s total capital of Rs 726 million. A portion of the IPO has already been allocated, with 145,200 shares reserved for Nepalese citizens working abroad. Additionally, 72,600 shares were set aside for mutual funds, and 43,560 shares for the company’s employees.
This means the company intended to issue 1,190,640 shares to the general public, totaling Rs 119.06 million.
What This Means for Investors
Stock market investors are advised to stay updated. The postponement means potential investors will need to watch for further announcements. Keep an eye on official channels and financial news sources. Sagar Distillery IPO is anticipated by investors in the primary market.
Stay Informed About the Nepal Share Market
IPO timelines often change. The Nepal stock market is dynamic, and understanding market fluctuations is crucial. Stay updated about the IPO date by regularly checking stock market news and financial updates. We will update this post with the latest information.
