Shree Distillery Limited To Float IPO At A Premium Price
March 31, 2023 | Investopaper
Shree Distillery Limited is planning to issue an initial public offering (IPO). The company is taking the agenda of issuing IPO at a premium to its first annual general meeting to be held on Baisakh 9, 2080 BS.
If endorsed by the AGM, the company will begin the procedures regarding the public issuance.
First, the company has to appoint an issue manager for the IPO. Then, it has to submit the application to the Securities Board Of Nepal (SEBON) seeking permission for public issuance. Only after the approval from SEBON, the company can issue the shares to the public.
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