How To Check The IPO Result Of Shreenagar Agritech Industries Limited

Shreenagar Agritech Industries Limited issued of 25,10,493 units of IPO shares to the general public at a par value of Rs 100 from 26th Ashwin to 29th Ashwin, 2082. Nabil Investment Banking Limited was the issue manager for the IPO issuance. Applications could be placed for a minimum of 10 units and a maximum of 10,000 units for the IPO of Shreenagar Agritech Industries Limited.

How To Check The IPO Result Of Shreenagar Agritech Industries Limited

There are multiple ways to check the IPO result. Let’s have a look into the different methods.

1. Check Shreenagar Agritech Industries Limited IPO Result At iporesult.cdsc.com.np

This one is the quickest method to check IPO result.

Open any internet browser that you have in your laptop or mobile and visit the website of CDSC Mero Share IPO Result from https://iporesult.cdsc.com.np/.
Select your company as “ Shreenagar Agritech Industries Limited “ from the drop-down menu.
Enter your 16-digit DMAT number (BOID).
Enter the captcha as shown on the right side.
Click View Results to check the IPO result of the Shreenagar Agritech Industries Limited. If you are lucky enough you might see the allotment result in your favor.

2. Check Shreenagar Agritech Industries Limited IPO Result from Mero share CDSC com np

This method is little bit slow as it takes time to update the result in dashboard of the Mero share

Please visit the website of Official Mero Share from https://meroshare.cdsc.com.np/.
Select your DP, provide your username and password, and click login.
Go to My ASBA section.
Visit the Application Report Tab.
Click Report of Shreenagar Agritech Industries Limited IPO.
If you have been allotted, you will see the Status as Allotted, and If you have not been allotted, you will see the Status as Not Allotted.

Facts About Shreenagar Agritech Industries Limited IPO

The issued capital of the company is Rs. 1.63 Arba.
Out of total issued capital, 20% of Rs 1.63 Arba i.e., 32,62,500 unit shares, will be issued to the public.
Out of the total issue capital, 1%, which amounts to 1,63,125 unit shares worth Rs. 1.63 Crores, were already allotted to the project-affected locals of Rupandehi and Palpa districts.
The remaining 19% of the issued capital, i.e., 30,99,375 unit shares, are for the general public.
Out of remaining general public issue, 10%, a total of 3,09,938 unit shares, were already allotted to the Nepalese citizens working abroad.
Out of remaining general public issue, 4%, i.e., 1,23,975 units, have been set aside for the employees of the company
5% of the total offered shares, i.e., 1,54,969 units, have been set aside for the mutual funds.
The remaining 25,10,493 units are for the general public

According to CDSC, more than 13,20,000 applicants have applied for 1,47,81,700 units. Thus, the issue has been oversubscribed more than 5.88 times.

Shreenagar Agritech Industries Limited (SAI), established in 2004. It was converted into a public company in 2023. Shreenagar Agritech Industries Limited produces poultry, cattle, and fish feed under the brands ‘Sunaulo’ and ‘Himdana.’ ICRA Nepal Limited has upgraded the issuer rating of Shreenagar Agritech Industries Limited from [ICRANP-IR] B- to [ICRANP-IR] B. Entities with this rating are considered to have a high risk of defaulting on financial obligations. The rating reflects the general creditworthiness of the issuer and is not specific to any particular debt instrument.

Summary:

Basically there are two ways to check the IPO Result Of Shreenagar Agritech Industries Limited and they both are the system developed by the CDSC.

How To Check The IPO Result Of Shreenagar Agritech Industries Limited