The company opens its second-phase IPO following allocation to local residents and Nepalis working abroad.
Shreenagar Agritech Industries Limited is set to issue its Initial Public Offering (IPO) to the general public from 26 Ashoj 2082, following the first phase where shares were allocated to local residents of industrially affected areas and Nepalis working abroad.
As approved by the Securities Board of Nepal (SEBON), the company can issue up to 32,62,500 shares, equivalent to 20% of its paid-up capital of Rs. 1,63,12,50,000. Out of these, 1,63,125 shares were allocated to residents of industrially affected areas, and 3,09,938 shares to Nepalis employed abroad. Additionally, 1,54,969 shares were allotted to collective investment funds and 1,23,975 shares to employees.
The remaining 25,10,493 shares are now being offered to the general public. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares. The IPO subscription period is scheduled until 29 Ashoj, with a possible extension until 9 Kartik if necessary. Nabil Investment Banking Limited has been appointed as the issue manager for this offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
