Kathmandu. Srinagar Agritech Industries IPO has been allotted. Nabil Investment Limited is the issue manager for the IPO issuance.

The company had issued 2,510,493 units of shares at a face value of Rs 100 per share from October 10 to 29. A total of 18,98,333 applicants had applied for 2,05,68,210 units of shares in the IPO. Out of them, 1,869,330 applications have been approved while 26,636 applications have been rejected.

The IPO of the company has been allotted through a lottery process as the number of applications exceeded the demand. Accordingly, 2,51,049 people have been allotted 10 units of shares of the company. The remaining 3 units of shares have been distributed among the investors. Accordingly, 3 applicants have been allotted one additional unit i.e. 11 units each.