Sreenagar Agritech Industries To Float IPO | Appoints Nabil Investment Banking As Issue Manager

August 30, 2023 | Investopaper

Sreenagar Agritech Industries Limited is in the process of issuing shares to the public (IPO). For this purpose, the company has appointed Nabil Investment Banking Limited as the issue and sales manager.

The agreement for public offering was signed between the company and Nabil Investment Banking Limited on this regard. Mr. Satish Chand Shrestha, Managing Director of Sreenagar Agritech Industries Limited and Manish Narayan Joshi, CEO of Nabil Investment Banking inked the agreement.

Now, the company needs to submit the application to the Securities Board Of Nepal (SEBON). If approved by SEBON, the company can issue the shares to the public.

The company is planning to sell 13 lakh units of shares in the public offering.