Company Overview: Sagar Distillery Ltd.
Established & Specialization
Founded in 2014, Sagar Distillery Ltd. is a contemporary manufacturer specializing in high-quality spirits, including whisky, gin, and vodka.
Product Portfolio
Ultra-premium Segment: Offers a single flagship product aimed at whisky connoisseurs.
Mass Market Segment: Produces three mainstream offerings, designed for broader consumer appeal.
Signature Brands
Nepse Bulls: A carefully crafted whisky blend combining rare Highland and Speyside single malts with glacier water to appeal to local tastes.
The Governor: A complex whisky blend from Scotland, finished with smokewood for subtle smoky notes and balance.
Royal Blue: A smoother mass-market whisky, leveraging high-quality ingredients and glacier water for a softer experience.
Berries & Blues: A gin infused with Himalayan botanicals, filtered seven times for smoothness and colored “Icy Blue” to reflect glacier origins.
Grey Wolf: A lighter-strength vodka, seven-times filtered through charcoal, silver, and platinum for exceptional clarity and crispness.
Craft & Production
Sagar Distillery embraces a precise production process:
1. Mashing
2. Fermentation
3. Two-step distillation (stripping run and spirit run)
4. Oak-barrel maturation
5. Filtration, bottling, and final labeling
Market Presence
The company’s distribution network spans key Nepalese cities, including Kathmandu, Pokhara, Hetauda, Birgunj, Itahari, Birtamod, and Dhangadhi.
Category Details
Established 2014
Product Range Whisky, Gin, Vodka
Brand Lineup Nepse Bulls, The Governor, Royal Blue, Berries & Blues, Grey Wolf
Production Method Traditional distillation and aging process with modern filtration techniques
Distribution Major urban centers across Nepal
Key Details of the IPO
Regulatory Approval
The Securities Board of Nepal (SEBON) granted approval for Sagar Distillery’s IPO on Shrawan 12, 2082, corresponding to July 27, 2025 .
Size & Price
The company will issue 1,452,000 shares, which represents 20% of its total issued capital, at a par value of NPR 100 per share .
Issue Manager
Muktinath Capital Limited is appointed as the issue manager overseeing the IPO process .
Credit Rating
The issuer has been rated IRN B+ (Is) by Infomerics Credit Rating Nepal Limited, indicating a high risk of default .
Application Schedule
For Nepalis Working Abroad
A special tranche of 10% of the shares—i.e., 145,200 units (~NPR 14.52 million)—is reserved for Nepali citizens in foreign employment. Applications open on Shrawan 28 (August 12, 2025) and close on Bhadra 1 (August 17, 2025). If undersubscribed, this window will extend to Bhadra 11 (August 27, 2025) .
General Public Timeline
While exact dates for the general public aren’t fully confirmed, multiple reports suggest applications begin mid-August 2025, with one source noting August 13, 2025 as the start . The total issue value is projected at approximately NPR 145.2 million .
IPO Summary
Feature Details
Total Shares Issued 1,452,000 units (20% of issued capital)
Issue Price NPR 100 per share
Issue Manager Muktinath Capital Limited
Credit Rating IRN B+ (high risk)
Foreign Employment Quota 145,200 units reserved; Aug 12–17 (extendable to Aug 27)
General Public IPO Start Mid-August 2025 (tentatively around Aug 13)
Estimated Total Value NPR 145.2 million
Tags
Ipo upcoming