Shree Nagar Agritech Industries Ltd will conduct its IPO allotment on Kartik 12 (Wednesday) after receiving over 19 lakh applications — 6.64 times more than the shares issued.
Shree Nagar Agritech Industries Ltd is set to conduct the IPO allotment for the general public today, Kartik 12, 2082 B.S. (Wednesday). According to the issue manager, Nabil Investment Banking Ltd, the allotment process is scheduled to begin at 10:30 a.m.
By the final day of application on Asoj 29, a total of 1,942,682 applicants had applied for 21,702,080 shares. The IPO received 6.64 times more applications than the total number of shares issued, indicating a strong investor response. Due to the oversubscription, the allotment will be conducted through a lottery system.
The company had issued 2,510,493 shares to the general public between Asoj 26 and Asoj 29, 2082 B.S. Before this phase, shares had already been allotted to project-affected locals and Nepali citizens working abroad.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
