Srinagar Agritech IPO Allotment Concludes; Over 1.8 Million Applicants Compete for Limited Shares
Srinagar Agritech Industries has finalized its IPO allotment, with only 251,049 investors receiving shares out of more than 1.8 million applicants through a lucky draw.
Srinagar Agritech Industries Limited has completed the allotment of its Initial Public Offering (IPO) on Wednesday, concluding one of Nepal’s most oversubscribed public offerings in recent months. The allotment took place at the office of the issue manager, Nabil Investment Banking Limited.
The company had floated 2,510,493 shares at a face value of NPR 100 per share from July 10 to July 14, 2025 (Ashadh 26–29, 2082). The offering attracted an overwhelming 1,898,333 applications, seeking a total of 20.56 million units, far exceeding the available quantity.
According to the issue manager, 1,869,330 applications were approved, while 26,636 were disqualified due to technical reasons or incomplete documentation. Given the massive oversubscription, the allotment was finalized through a lottery system (lucky draw).
As per the result, 251,049 investors received 10 shares each, while 3 additional investors were allotted one extra share to balance the remaining unsold units, making their total 11 shares each.
This high level of participation underscores the growing retail investor enthusiasm in Nepal’s primary market, particularly for companies in the agritech and manufacturing sectors. Analysts note that the demand reflects confidence in diversified sectors beyond banking and hydropower, hinting at a broadening investment base in NEPSE’s ecosystem.