Kathmandu. Sagar Distillery Company is going to issue ordinary shares (IPO).

Earlier, the company had issued shares to the general public from September 15. The company has already issued an IPO for Nepalis in foreign employment. In the second phase, shares are being issued for the general public.

The company has received permission to issue 1.452 million units of IPO worth Rs 145.2 million, representing 20 per cent of the issued capital of Rs 726 million. Of these, 145,200 units of shares have been issued for Nepalis living abroad for employment after obtaining labour approval.

Similarly, 72,600 units of shares have been set aside for mutual funds and 43,560 units for employees of the company. The company is issuing 1,190,640 units of shares worth Rs 119 million 64 thousand at the rate of Rs 100 per share.

Applications for the IPO can be submitted till September 30. If the application is not received as per the demand during this period, the application can be submitted till September 15. Applications can be made from a minimum of 10 units to a maximum of 10,000 units.

Muktinath Capital is the sales manager of the company. In the IPO, applications can be made through banks and financial institutions that have taken the service of C-Ashwa member from the Securities Board of Nepal and my shares.