Shreenagar Agritech Completes IPO Allocation for Local Residents of Rupandehi and Palpa

Shreenagar Agritech Industries Limited has successfully allocated its Initial Public Offering (IPO) shares to local residents of Rupandehi and Palpa, reinforcing its commitment to community empowerment and financial inclusion. A total of 3,777 applicants received shares through a transparent process, with each allotted a minimum of 10 shares via lottery. The IPO, managed by Nabil Investment Banking Limited, reserved 163,125 shares, 1% of the company’s issued capital, specifically for locals.

By involving residents as shareholders, the company fosters grassroots investment, financial literacy, and shared prosperity. Founded in 2004, Shreenagar Agritech is a leader in agricultural technology, producing animal feed under brands like Sunaulo and Himdana while providing technical support to farmers. The raised capital will support expansion, technology adoption, and market growth. This milestone sets a strong precedent for inclusive corporate practices in Nepal, promoting local ownership and long-term regional economic development.