Shreenagar Agritech Industries Limited will issue its Initial Public Offering (IPO) from Bhadra 11, targeting locals from the industry-affected areas and Nepali citizens working abroad.
Shreenagar Agritech has received approval to issue 32,62,500 shares, representing 20 percent of its issued capital worth Rs. 1 arba 63 crore 12 lakh 50 thousand. Out of this, 1,63,125 shares, or 1 percent, have been reserved for locals from the affected areas, while 3,09,938 shares, or 10 percent, are allocated for Nepali migrant workers.
In this IPO, investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The application period for locals from the affected areas will close as early as Bhadra 25 and no later than Ashoj 9. Meanwhile, Nepali citizens working abroad can apply until Bhadra 15 at the earliest and Bhadra 25 at the latest.
ICRA Nepal has assigned the company a credit rating that indicates a high risk in meeting financial obligations. Nabil Investment Banking Limited is the issue manager for this IPO. Locals can apply through designated branches of Nabil Bank, NMB Bank, and Global IME Bank by paying a form fee of Rs. 2. Similarly, Nepali migrant workers can submit their applications through all C-ASBA member banks and financial institutions approved by the Securities Board of Nepal (SEBON).
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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