Shreenagar Agritech IPO allotment process has been completed. The allotment was done today at the office of the issue manager, Nabil Investment Banking Limited.
Nearly 19.42 lakh people applied.
A total of 2,510,493 units were issued for the general public. The allotment lottery has determined the lucky applicants, with lucky ball number 5, and the rest will receive refunds soon.
Shreenagar Agritech opening price range?
According to the company’s financial report for fiscal year 2081/82, its Earnings Per Share (EPS) stands at NPR 1.17, while its net worth per share is NPR 100.59. Based on NEPSE’s rule of allowing up to three times the net worth, the official opening price range for Shreenagar Agritech’s shares is expected to be between NPR 100.59 and NPR 301.77.
AllStocksInfo prediction
Since Shreenagar Agritech is in the agritech sector, based on current demand trends and sector uniqueness, AllStocksInfo predicts that the trading price per unit could normally range between NPR 800 to NPR 1000 once listed on NEPSE.
