Today is the Last Day for Nepalis Abroad to Apply for Srinagar Agritech Industries IPO

Today (Bhadra 15) is the final day for Nepalis working abroad to apply for the IPO of Srinagar Agritech Industries Limited, which opened on Bhadra 11.

The Securities Board of Nepal (SEBON) had authorized the company to issue 20% of its paid-up capital of NPR 1.63 billion — equivalent to NPR 326.25 million, or 3,262,500 ordinary shares at a par value of NPR 100 each.

Out of this, 10% — a total of 309,938 shares — has been allocated specifically for Nepalis working abroad.

Applicants can apply for a minimum of 10 shares and a maximum of 10,000 shares.

Nabil Investment Banking Limited is the issue and sales manager for the IPO.