Kathmandu. Today is the last day to apply for the initial public offering (IPO) of Srinagar Agritech Industries Company. Those who want to apply for the IPO can apply till office hours today.

The company has been permitted to issue 20% of the issued capital of Rs 1,63,12,50,000 i.e. 3,262,500 units of shares. Out of this, 1,63,125 units of ordinary shares have been issued to the locals of the affected areas and 3,09,938 units of ordinary shares have been issued to the Nepalese living abroad for employment.

The company has set aside 1,54,969 units for the mutual funds and 1,23,975 units for the employees of the company. In the second phase, the company has issued 2,510,493 units shares worth Rs 25,10,49,300 to the general public. Today is the last day to apply.

Applications can be place for minimum 10 units and maximum 10,000 units. Nabil Investment Banking has been appointed as its issue manager. The interested bidders can apply for the IPO through Securities Board of Nepal (SEBON) approved banks and financial institutions and Mero Shares.