Shreenagar Agritech Industries Limited Closing 3,09,938 Units IPO Shares to Foreign Nepalese Immigrants From Today
Summary
Shreenagar Agritech Industries Limited is closing its IPO share issue for foreign Nepalese immigrants today, with 3,09,938 units allocated for Nepalese working abroad. The IPO has been oversubscribed by 3.31 times as of yesterday.
Key Points
- Shreenagar Agritech Industries Limited is closing the IPO share issue for foreign Nepalese immigrants today, 15th Bhadra 2082.
- The company has issued 1.63 Arba in capital, with 20% shares issued to the public and 10% of the general public issue reserved for Nepalese working abroad.
- The IPO has been oversubscribed by 3.31 times with 62,888 applicants applying for a total of 10,26,230 units as of 5 PM yesterday.
- ICRA Nepal Limited upgraded Shreenagar Agritech Industries Limited's issuer rating from B- to B, indicating a high financial risk.
