Premier Distillery IPO Issuance Gets Approval
22nd January 2026, Kathmandu
Premier Distillery Limited has officially announced its plan to issue an Initial Public Offering for the general public. As part of this strategic move, the company has appointed Siddhartha Capital Limited as the issue and sales manager. The formal agreement regarding the IPO issuance and management was signed on Magh 6, 2082 (January 19, 2026), at the corporate office of Premier Distillery Limited located at SG Tower, Thapathali, Kathmandu.
Premier Distillery IPO Issuance
According to the bilateral agreement, Premier Distillery Limited will issue 2.25 million ordinary shares to the general public at a face value of 100 rupees per share. This initiative marks a significant milestone for the company as it seeks to open its ownership to public investors and strengthen its capital base to support ambitious future growth and expansion plans.
Key Stakeholders and Leadership
The agreement was signed on behalf of Premier Distillery Limited by Director Gaurav Sharda, while Chief Executive Officer Sandip Karki represented Siddhartha Capital Limited. Siddhartha Capital is one of the leading merchant banking institutions of Nepal, with extensive experience in managing public offerings, right issues, and portfolio management services. Its appointment is expected to add professional oversight and credibility to the upcoming IPO process.
Premier Distillery is a key entity under the Sharda Group, one of the prominent industrial conglomerates of Nepal. The involvement of such a reputable business house suggests a focus on high corporate governance standards throughout the listing process.
Overview of Premier Distillery Operations
Established in 2069 BS (approximately 2012 AD) in Duhabi, Sunsari, Premier Distillery Limited was founded with an initial investment exceeding 1 billion rupees. The company is recognized as one of the most modern and integrated liquor manufacturing industries in Nepal. It specializes in the production of high-quality Grain-based Extra Neutral Alcohol (GENA), which serves as the essential base for manufacturing various spirits.
Key highlights of their manufacturing facility include:
Advanced Technology: The distillery uses fully automated bottling lines and high-standard quality control systems.
Self-Reliance: By producing its own GENA, the company has helped reduce the dependence of Nepal on imported spirits, contributing to the domestic industrial economy.
B2B Supply: Beyond its own captive consumption, the distillery supplies extra neutral alcohol to other bottling industries across the country.
Product Portfolio and Brand Recognition
Premier Distillery Limited produces several well-known brands that have secured a strong foothold in the domestic market. Its portfolio includes:
The Himalayan Reserve: A premium whisky that is recognized for its rich blend and quality.
Advertisement
Old Monk Rum: The company manufactures this iconic brand under a franchise agreement with India-based Mohan Meakin Limited, ensuring that international production standards are met locally.
Xing Vodka: An ultra-premium vodka known for its triple Russian filtration process, which has gained popularity through innovative marketing and brand ambassadors.
The presence of internationally recognized franchise brands alongside home-grown premium labels highlights the production capabilities and market credibility of the company.
Strategic Goals of the IPO
The Premier Distillery IPO issuance is expected to attract significant interest from investors seeking exposure to the growing manufacturing and consumer goods sectors of Nepal. By transitioning into a public limited company, Premier Distillery aims to:
Enhance Transparency: Adopting the reporting standards required for listed companies.
Strengthen Governance: Expanding the board to include public representation.
Secure Long-term Funding: The proceeds from the 225 million rupee public issue will likely be utilized for capacity expansion and technological upgrades at the Sunsari plant.
For individual investors, this IPO presents an opportunity to participate in a well-established industrial enterprise with diversified product lines and a proven track record of over a decade in the manufacturing sector.
Conclusion
The Premier Distillery IPO represents a notable development in the capital market of Nepal. It reflects a growing trend of successful manufacturing companies accessing public investment to scale their operations. With Siddhartha Capital managing the sale, the process will now move toward seeking formal approval from the Securities Board of Nepal (SEBON).
This move underscores the expanding role of the stock market in supporting the industrial growth of Nepal, offering a pathway for successful private firms to become household names among the investing public.
For More: Premier Distillery IPO Issuance
