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Highland Distillery IPO Issue

Highland Distillery IPO Issuance Plan approved as company prepares for AGM

20th January 2026, Kathmandu

Highland Distillery Limited has officially moved forward with its plan to issue an Initial Public Offering (IPO), marking a major milestone in the company’s corporate and financial journey. The decision was taken during a meeting of the company’s Board of Directors held on Poush 24, 2082, signaling the company’s intent to enter Nepal’s capital market. As of January 20, 2026, Highland Distillery has issued a formal notice for its first Annual General Meeting (AGM) to finalize the details of this public offering and reward its current shareholders.

Highland Distillery IPO Issuance

The company, a modern hard drink blending and bottling unit under the ICTC Group, is known for manufacturing high-grade foreign-style liquors. Its entry into the stock market is part of a broader trend of manufacturing and processing firms in Nepal transitioning to public ownership to fuel expansion and enhance corporate transparency.

Annual General Meeting Details and Agenda

Highland Distillery Limited has scheduled its 1st Annual General Meeting for Magh 28, 2082 (February 11, 2026). The meeting will commence at 11:00 AM at the company’s registered office in Hattisar, Kathmandu. The AGM is expected to be a landmark event as it will seek definitive shareholder approval for the public share issuance and a robust dividend package.

The primary agendas for the meeting include:

  • Approval of the annual financial highlights for the fiscal year 2081/82.
  • Consolidated financial reports of its assisting company, Avanish Distillery Private Limited.
  • The issuance of IPO shares to the general public.
  • Amendments to the Memorandum of Association and Articles of Association to comply with public company regulations.

Special Proposal for Initial Public Offering (IPO)

One of the most anticipated items on the AGM agenda is the special resolution to issue IPO shares to the general public. The company has stated that the issuance may take place through one of three methods: premium pricing, the book-building method, or at par value (Rs 100 per share).

The AGM will empower the Board of Directors to decide on the final pricing mechanism and the total number of units to be offered. Choosing the book-building method would align Highland Distillery with recent high-profile industrial IPOs in Nepal, such as those in the cement and distillery sectors, which aim to discover a fair market price based on institutional investor demand.

Dividend Distribution: Bonus Shares and Cash Payout

In a move to reward its existing shareholders before going public, the Board of Highland Distillery has proposed a substantial dividend from the profits of the fiscal year 2081/82. The proposed dividend consists of:

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25 percent Bonus Shares: This will significantly increase the company’s paid-up capital, a prerequisite for a larger public offering.

1.32 percent Cash Dividend: This is intended to cover the tax obligations arising from the distribution of bonus shares.

The successful approval of these dividends will demonstrate the company’s strong financial health. Highland Distillery contributes significantly to the national exchequer, with its “Virgin” brand of vodka being one of the largest selling spirits in Nepal, moving nearly 3 million liters per annum.

Strategic Importance of Public Listing

By entering the public market, Highland Distillery aims to strengthen its capital base for future technological upgrades and market expansion. Currently accredited with ISO 22000 for food safety management, the distillery seeks to assume market leadership by innovating its product line, which includes whiskey, rum, gin, and pre-mixed drinks.

The move toward an IPO also allows the general public to participate in the lucrative manufacturing and processing sector, which has historically been dominated by a few large business houses. For Highland Distillery, a public listing means enhanced brand credibility and a more formalized corporate structure that can withstand the competitive pressures of both domestic and international liquor brands.

Conclusion

The Highland Distillery IPO and its 1st AGM on Magh 28 represent a defining moment for the company and a fresh opportunity for Nepali investors in 2026. With a solid proposal for 25 percent bonus shares and a flexible IPO issuance plan, the company is positioning itself for a sustainable future on the Nepal Stock Exchange. Stakeholders will closely monitor the outcomes of the upcoming meeting to determine the exact timeline and valuation of the upcoming share sale.

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