Kathmandu. The initial public offering (IPO) of Srinagar Agritech Industries was announced on Wednesday.
The initial public offering (IPO) of Srinagar Agritech has been allotted to the office of Nabil Investment Banking, the issue manager. The IPO allotment was scheduled for 10:30 am.
The company had issued a total of 2,510,493 units of shares to the general public from October 10 to 29. A total of 2,05,68,210 units of shares have been sought from 18,98,333 applicants.
Out of the total 18,69,330 applicants, 2,02,50,510 units have been accepted while 3,17,700 units have been rejected from 26,636 applicants.
The IPO was also allotted by Golaprath as the number of applications exceeded the demand. Out of the applicants, 251,049 applicants have been allotted 10 units of shares while 3 applicants have been allotted 1 unit each. Out of the total applicants, 1,618,281 have been left empty-handed.
The results of the IPO will be announced shortly. The results can be seen from the Securities Sales Manager’s website, My Shares and the iporesult.cdsc.com.np of CDSC.
