Kathmandu, Nepal – Natural Spirits Nepal Limited, the innovative force behind popular brands like Seto Bagh Vodka and Sarangi Whisky, has announced a significant step in its corporate journey. The company has officially appointed Muktinath Capital Limited as the issue manager for its highly anticipated Initial Public Offering (IPO). This pivotal agreement was formalized during a signing ceremony between Natural Spirits Chairman Asim Sitaula and Muktinath Capital CEO Kabindra Dhoj Joshi.
This strategic move will see Natural Spirits Nepal issue 15,00,000 ordinary shares to the general public, constituting a substantial 20% of its total issued capital.
This IPO is poised to be a landmark event, inviting public participation in one of Nepal's rapidly ascending liquor producers.
Established on December 14, 2014 (2071 Mangsir 14), Natural Spirits Nepal has quickly carved out a niche for itself in the competitive Nepali liquor market. The company boasts a state-of-the-art production facility located in Galchi, Dhading, complemented by its central administrative office in Hadigaun, Kathmandu. With an impressive annual production capacity of 12 million liters, Natural Spirits is well-equipped to meet growing consumer demand.
Currently, the company's portfolio includes the widely recognized Seto Bagh Vodka (30% alcohol by volume) and Sarangi Whisky (40% alcohol by volume). Demonstrating a continuous drive for innovation and market expansion, Natural Spirits is also on the verge of launching a new product, Rara Blues Vodka (40% alcohol by volume), which is expected to further diversify its offerings and appeal to a broader consumer base.
Natural Spirits is dedicated to producing high-quality liquor, underpinned by a philosophy that blends modern technology, innovative product development, and robust branding strategies. The upcoming IPO is not just about raising capital; it signifies the company’s ambition to significantly expand its market footprint and solidify its standing as a leader in Nepal’s dynamic liquor industry. Investors and consumers alike will be watching closely as Natural Spirits Nepal embarks on this exciting new chapter.
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