Kathmandu. The initial public offering (IPO) of Srinagar Agritech Industries Limited (SRCL) will be issued on November 26. The allotment will take place at 10:30 am at the office of Nabil Investment Banking, the issue manager.
As of the last day, a total of 19,42,682 applicants had applied for 2,17,080 units of shares worth Rs 2,17,02,080. That’s 8.64 times more than the demand.
The company is issuing a total of 2,510,493 units of shares to the general public from October 12 to October 12. The company’s IPO will be allotted through lottery as the number of applications exceeds the demand.
The company’s IPO will be allotted through lottery as the number of applications exceeds the demand. A total of 2,51,049 people will get 10 units of shares of the company. According to this, more than 16 lakh 91 thousand people will be left empty-handed.
