Shree Nagar Agritech Industries Ltd completed its IPO allotment on Kartik 12. Out of more than 19 lakh applicants, only around 2.51 lakh received shares through a lottery system.
Shree Nagar Agritech Industries Ltd has completed the allotment of its initial public offering (IPO) today, Kartik 12, 2082 B.S. (Wednesday). The allotment was conducted by the issue manager, Nabil Investment Banking Ltd, earlier this morning. The company had issued a total of 2,510,493 shares to the general public between Asoj 26 and Asoj 29, 2082 B.S.
A total of 1,942,682 applicants had applied for the IPO, leading to an oversubscription of around 8.64 times the total number of shares available. As a result, the allotment was carried out through a lottery system. According to the allotment results, 251,049 applicants received shares, with three of them receiving an additional one share each, bringing their total allotment to 11 shares.
More than 1.69 million applicants were left without shares. Nabil Investment Banking Ltd reported that the IPO received applications worth approximately NPR 2.17 arba in total.
The issue manager has prepared to make the IPO results available online. Investors can check their allotment status through any of the following official portals by entering their Demat number:
CDSC official site:https://iporesult.cdsc.com.np/
Nabil Investment site:https://result.nabilinvest.com.np/search/ipo-share
Mero Share portal:https://meroshare.cdsc.com.np/#/login
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
