Shreenagar Agritech Industries Limited has launched the first phase of its IPO from Bhadra 11, targeting project-affected locals in Rupandehi and Palpa districts, as well as Nepali migrant workers with approved labor permits.
Shreenagar Agritech Industries Limited has officially opened the first phase of its Initial Public Offering (IPO) from Bhadra 11, inviting applications from project-affected locals and Nepali citizens working abroad.
For project-affected locals of Rupandehi and Palpa districts, the company has set aside 163,125 shares. Each applicant may apply for a minimum of 10 shares and up to a maximum of 10,000 shares. The deadline for locals is Bhadra 25, extendable until Asoj 9 if undersubscribed.
For Nepali migrant workers holding valid labor permits, a total of 309,938 shares has been reserved. Applications in this group also range from a minimum of 10 shares to a maximum of 10,000 shares. The deadline for this group is Bhadra 15.
After completing this phase, the company will issue IPO shares to the general public. Nabil Investment Banking Limited is acting as the issue manager for the IPO.
The Securities Board of Nepal (SEBON) granted approval for the IPO on Shrawan 13. In total, Shreenagar Agritech will issue 3,262,500 shares, amounting to Rs. 32.62 crore in paid-up capital.
This article was originally published on https://bajarkochirfar.com. Translated with AI assistance and finalized by our editorial team.
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