In an exciting move, Shree Distillery Limited, a leading name in Nepal’s liquor industry, has selected Prabhu Capital Limited as the manager for its upcoming Initial Public Offering (IPO).
Prabhu Capital will manage the sale of 960,000 shares, representing 16% of the 6 million shares being offered. This move aligns with Shree Distillery’s plan to allocate 16% of its IPO from its existing share structure.
The partnership was formalized on Jestha 31, 2081, with the agreement signed by Shree Distillery’s Director Sanat Neupane and Prabhu Capital’s CEO Ashish Gauchan. Director Neupane emphasized the company’s rich history and stellar reputation in the liquor industry, expressing confidence in connecting with the public through this IPO.
Ashish Gauchan, CEO of Prabhu Capital, conveyed his gratitude for being chosen to handle this significant financial milestone. Established in 1985, Shree Distillery is celebrated for its premium brands like King’s Pride Whisky and Mount Everest Whisky. Post-IPO, the company aims to broaden its product range, focusing on the production of high-quality spirits.
This partnership marks a significant step for Shree Distillery as it opens its doors to public investment and looks towards an ambitious future.
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