Muktinath Krishi IPO Result Date is fixed on December 5, 2023 (Mangsir 19, 2080) at the premises of the issue manager NIMB Ace Capital Limited, Kathmandu.
The IPO allotment of Muktinath Krishi Company Limited is available on the mero share, result cdsc, IPO Result app and the issue manager’s official website.
According to Mero Share CDSC, a total of 10,57,828 applicants had applied for a total of 1,15,23,150 units worth Rs. 1.15 Arba by closing day. Hence, the IPO was oversubscribed by 10.03 times so far.
According to the pre-allotment of Muktinath Krishi IPO Result, a total of 1,14,800 lucky applicants will receive 10 units of shares each through a lucky draw. You can check result on Muktinath Krishi IPO Result Date.
Out of the total 14 lakh units; 10% or 1,40,000 units have already been allotted to Nepalese citizens working abroad, Similarly 3% or. 42,000 units were reserved for the employees of the company and 5% of the total offered shares or 70,000 units were reserved for mutual funds. The remaining 11,48,000 units were issued to the general public.
ICRA Nepal is rating of Muktinath Krishi Company Limited at [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus). This rating is considered to have a moderate risk of default regarding the timely servicing of financial obligations in Nepal.
Muktinath Krishi Company (an associate company of Muktinath Bikash Bank) is a pioneer and the first public agricultural company established with the aim of playing a managerial role in the overall agricultural value chain through the “Krishak sanga Muktinath” and “Upabhoktaa sanga Muktinath” campaigns, with the goal of improving Nepal’s agricultural economy. The company was established in 2075 with a 22.2% investment from Muktinath Bikash Bank, a 57.8% share held by 901 promoters involved in various business sectors of Nepal, and 20% from public shares.
This company is actively involved in various activities to increase agricultural productivity and consumer welfare, offering more than 450 products and services required in the field of agricultural production.
