The allotment of Shreenagar Agritech Industries Limited‘s IPO was finalized today at the offices of the issue manager, Nabil Investment Banking Limited, located in Central Plaza Narayanchaur, Naxal, Kathmandu.
The firm had made available 25,10,493 shares as an Initial Public Offering (IPO) for the general populace from 26th Ashwin, 2082 to 29th Ashwin, 2082.
The company’s total capital stands at Rs. 1.63 Arba. Out of this total, 20%, corresponding to 32,62,500 unit shares, were presented to the public. From the entirety of the issued capital, 1%, equaling 1,63,125 unit shares valued at Rs. 1.63 Crores, were previously allocated to the residents impacted by the project in Rupandehi and Palpa districts. The other 19% of the issued capital, or 30,99,375 unit shares, were designated for the general populace. Within this public offering, 10% of 3,09,938 unit shares were already distributed to Nepalese citizens employed abroad. Additionally, 4%, which corresponds to 1,23,975 units, were reserved for the employees of the company, while 5% of the total offered shares, amounting to 1,54,969 units, were allocated for mutual funds. The balance of 25,10,493 units was available for the general public.
The issue garnered a total of 18,69,330 valid applications for 2,02,50,510 units. In the meantime, 26,636 applications requesting 3,17,700 units were disqualified.
According to the allotment process, 2,51,049 applicants were awarded 10 units each through a lottery system, while 3 applicants received 1 unit each.
