Kathmandu. Sagar Distillery Company has issued an initial public offering (IPO) from today.

In the first phase, the company is going to issue an IPO for Nepalis in foreign employment.

The company is issuing 1.452 million units of IPO worth Rs 145.2 million, representing 20 per cent of the current issued capital of Rs 726 million.

Out of this, 145,200 units of shares worth Rs 14.52 million were issued for Nepalis living abroad for employment.

Applications for the IPO can be submitted till August 31. If the application is not received as per the demand during this period, then the application can be submitted till August 15.

Applications can be made from a minimum of 10 units to a maximum of 7,000 units.

Muktinath Capital Limited is the sales manager of the company. Nepalis in foreign employment can apply from the Securities Board of Nepal through banks and financial institutions and my shares.