Kathmandu. Dhanusha Distillery Limited is preparing to issue an initial public offering (IPO) for the general public. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance.

Mr. Kishan Kumar Dhanawat, Chairman of Dhanusha Distillery and Mr. Kabindra Dhoj Joshi, Chief Executive Officer (CEO) of Muktinath Capital, signed the MOU.

The company plans to issue 20 percent of its issued capital to the general public.

Established in 1998, Dhanusha Distillery has been producing quality liquor after obtaining permission from the Department of Industries for production and marketing. The company has an annual production capacity of 91.80 million liters.

Currently, the company has been producing and distributing liquor under the brands ‘Mustang Gold Whiskey’ and ‘Mustang Vodka’. The company is preparing to bring more new products to the market in the coming days.

The company aims to focus on product diversification and expansion while maintaining the quality of production and to compete in the international market as well as in the Nepali market.