20 August 2024, Kathmandu
Rainbow Distillery, a prominent liquor manufacturer based in Bhairahawa, Lumbini Province, is preparing to go public with an Initial Public Offering (IPO).
Rainbow Distillery to Issue IPO
The company has entered into a strategic partnership with Elite Capital to facilitate the IPO process and provide comprehensive corporate advisory services.
The agreement was formalized by Dinesh Acharya, Executive Chairman of Elite Capital, and Minraj Bhushan, Chairman of Rainbow Distillery. Elite Capital will oversee the entire “Road to IPO” plan, offering expert guidance on capital restructuring, business expansion, financial management, and marketing strategies.
Under the IPO plan, Rainbow Distillery aims to increase its paid-up capital from 10 million rupees to 100 million rupees. This capital boost will support the company’s expansion initiatives, including the establishment of new production facilities. The company is also investing in new buildings and plant installations on its own land to enhance its production capacity.
In addition to advisory services, Elite Capital will manage critical aspects of the IPO, including sales management and underwriting. This move is expected to bolster Rainbow Distillery’s financial position and facilitate its transition into a public company.
Rainbow Distillery, known for its diverse range of modern liquor brands such as 50 UP, 70 UP Sophie, Smooch, Eden Premium, Picnic, Orange, Pies, and Tequila, is set to enhance its market presence and operational capabilities through this significant capital infusion.
The IPO marks a pivotal moment for Rainbow Distillery, aligning with its goals of business growth and market expansion. As the company prepares to offer shares to the public, the involvement of Elite Capital underscores the commitment to a successful and well-managed transition to a publicly listed entity.
Rainbow Distillery to Issue IPO
