Kathmandu — Premier Distillery Limited is preparing to issue an initial public offering to the general public. The company plans to float 2.25 million ordinary shares with a face value of Rs 100 per share. Siddhartha Capital Limited has been appointed as the issue and sales manager for the IPO.
An agreement related to the appointment of the sales manager was signed between Gaurav Sharda, Director of Premier Distillery Limited, and Sandeep Karki, Chief Executive Officer of Siddhartha Capital Limited.
Premier Distillery Limited was established in 2069 BS in Duhabi, Sunsari, with an investment exceeding Rs 1 billion. The company is considered one of Nepal’s modern integrated alcohol production industries. It produces grain-based extra neutral alcohol, a key raw material used in the manufacturing of vodka, whiskey, rum and gin.
The company’s move to enter the capital market is expected to strengthen its financial base and support future expansion plans.
