Today Is the Last Day to Apply for Shrinagar Agritech Industries IPO

Today marks the final day for investors to apply for the IPO of Shrinagar Agritech Industries Limited, which opened for public subscription on Asoj 26. Earlier, the company had already allotted shares to residents of the industry-affected areas, Nepalis working abroad, mutual funds, and employees.

In this second phase, the company is issuing 2,510,493 shares at a face value of Rs. 100 per share to the general public. Investors can apply for a minimum of 10 shares and a maximum of 10,000 shares.

The company’s total issued capital stands at Rs. 1.63 billion, of which 20% (Rs. 326.25 million) is being offered to the public. According to ICRA Nepal, the company carries a high credit risk in terms of fulfilling its financial obligations.

Nabil Investment Banking Limited is the issue and sales manager for the IPO. Investors can apply through all C-ASBA approved banks and financial institutions and their designated branches across Nepal.