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Shrinagar Agritech Industries Limited has announced that its Initial Public Offering (IPO) for general investors will open from Sunday, Ashoj 26.
The company had earlier completed the first phase of IPO allocation for local residents of industry-affected areas and Nepalis working abroad. Now, in the second phase, the IPO will be open to the general public.
The company’s issued capital stands at Rs. 1,63,12,50,000 (163.125 million). The Nepal Securities Board (SEBON) has approved the issuance of 20% of the capital, equivalent to Rs. 32,62,50,000, through 32,62,500 ordinary shares.
In the first phase, the company allocated:
- 1,63,125 shares to local residents of industry-affected areas,
- 3,09,938 shares to Nepalis working abroad,
- 1,54,969 shares to collective investment funds, and
- 1,23,975 shares to company employees.
This marks the second phase of public participation, allowing ordinary investors to acquire shares in the company.
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