The IPO allotment of Srinagar Agritech Industries Limited is set to take place on Wednesday, Kartik 12, according to issue manager Nabil Investment Banking Limited, which confirmed that all preparations have been completed. The company had issued 2,510,493 shares to the general public from Ashoj 26 to 29, during which a total of 1,942,682 applicants submitted bids amounting to more than 217 million shares, valued at over NPR 21.7 billion, representing 8.64 times oversubscription. Based on the lottery system, 251,049 lucky applicants will receive shares, with three of them getting an additional one share each, totaling 11 shares. As a result, more than 1.69 million applicants will be left empty-handed.