Shreenagar agritech industries ltd ipo result date is not fixed now. It is possible to announce in the next week. You can see the ipo result from mero share, IPO Result CDSC and Nabil Investment Banking’s page.
Shreenagar Agritech Industries limited is opened the IPO for General public from Ashwin 26, 2082 to Ashwin 29, 2082. Due to Tihar and Chhath Holiday, it is delay announcing the IPO result. You can check out IPO Result mero share steps by steps process.
Shreenagar agritech industries ltd ipo result date
Shreenagar agritech industries ltd ipo result date is confirmed after pre-allotment of share by issue manager.
Shreenagar Agritech Industries Limited (SAI) has successfully concluded its Initial Public Offering (IPO). The company’s issued capital is Rs. 1.63 Arba, out of which 20% (32,62,500 units) were opened for the general public.
IPO Share Allocation Breakdown
- Total Issued Capital: Rs. 1.63 Arba
- Public Issue: 20% or 32,62,500 units
- Project-Affected Locals (Rupandehi & Palpa): 1% (1,63,125 units worth Rs. 1.63 Crores)
- General Public: 19% (30,99,375 units)
Within the general public:
- Nepalese working abroad: 10% (3,09,938 units)
- Company employees: 4% (1,23,975 units)
- Mutual funds: 5% (1,54,969 units)
- Remaining for general public: 25,10,493 units
Investors applied for a minimum of 10 units and a maximum of 10,000 units for this IPO.
IPO Oversubscription and Allotment Update
Based on CDSC (Central Depository System and Clearing Ltd.), a total of 13,14,153 applicants applied for 1,47,81,700 units in total. Thus, the Shreenagar Agritech IPO has been oversubscribed 5.88 times.
The IPO was managed by Nabil Investment Banking Limited, oneof Nepal’s leading investment banks. It shows that investor trust in the country’s Agritech and food production sector.
ICRA Nepal Rating
ICRA Nepal Limited has upgraded the issuer rating of Shreenagar Agritech Industries Limited from [ICRANP-IR] B- to [ICRANP-IR] B.
Although this rating still indicates a high risk of default, the upgraded reflects an improvement in the company’s financial profile and business outlook. The ICRA rating scale ranges from [ICRANP-IR] AA (highest safety) to [ICRANP-IR] C(high risk), with plus(+) and minus(-) symbols denoting relative positions within the same category.
About Shreenagar Agritech Industries Limited
Founded in 2004 and converted into a public company in 2023, Shreenagar Agritech Industries Limited (SAI) is one of Nepal’s leading animal feed and agritech companies.
The company produces poultry, cattle, and fish feed under popular brands such as “Sunaulo” and “Himdana”. The production capacity of company is 134,780 metric tonnes annually at its Rupandehi plant, the company has also expanded into poultry and meat processing.
Company Major Promotors:
- Satish Chandra Shrestha – 34%
- Chandra Pankaj Developers – 12%
- Shikhar Insurance – 8%
- Citizen Life Insurance – 4%
- Around 830 individual investors – 42%
Key Highlights of SAI
| Particulars | Details |
| Company Name | Shreenagar Agritech Industries Limited (SAI) |
| Sector | Agritech / Animal Feed Production |
| Issued Capital | Rs. 1.63 Arba |
| Public Issue | 32,62,500 Units |
| Issue Manager | Nabil Investment Banking Limited |
| Oversubscription | 5.88 Times |
| ICRA Nepal Rating | [ICRANP-IR] B |
| Brands | Sunaulo, Himdana |
Conclusion
The Shreenagar Agritech IPO has drawn remarkable investor attention in its IPO. It is oversubscribed nearly six times. Despite a moderate credit rating, the company’s strong presence in Nepal’s growing agriculture and livestock feed industry. It is adding meat processing for long term growth in Nepal.
Yes, investors are waiting for the IPO allotment result, which will soon be published through CDSC IPO Result Portal and Nabil Investment Banking’s website.
