Kathmandu. Sagar Distillery Company Limited is going to issue initial public offering (IPO) to the general public from today.

The company is going to issue the IPO to the general public after allocating the IPO for Nepalese who are employed abroad.

The Securities Board of Nepal (SEBON) has approved the issuance of 14,52,000 units of shares i.e. 20% of the issued capital of Rs 72.60 crore. The company has issued 1,45,200 units of shares for Nepalese living abroad after obtaining work permit for employment.

72,600 units have been set aside for the mutual funds and 43,560 units have been set aside for the employees of the company.

The company is issuing 11,90,640 units of shares at a price of Rs 11,90,64,000 to the general public.

The last date to apply for the IPO is September 2. If the application is not received as per the demand within this period, the application can be submitted till September 27. Applications can be place for minimum 10 units and maximum 10,000 units.

Muktinath Capital has been appointed as the issue manager. The interested bidders can apply for the IPO through Securities Board of India (SEBON) and Bank of India (SEBON) and Mero Shares.