The microfinance company is issuing the FPO in order to maintain ordinary share ownership of 30 percent from existing 19.68 percent as per Banks and Financial Institution Act, 2073.
The company is issuing 475,449.15 units shares worth Rs 47.5 million at a face value of Rs 100 per unit.
Interested investors can apply for the shares until December 24. If the issue is undersubscribed, the deadline will be extended until January 3.
The applicants can apply for a minimum of 10 and maximum of 1,000 unis of shares.
ICRA Nepal has assigned BB- rating to the issue indicating moderate risks.
The company has appointed Laxmi Sunrise Capital as issue manager. the applicants can apply from all C-ASBA approved BFIs and Meroshare.
Currently, the company's paid-up capital is Rs 322.3 million, which will reach Rs 369.9 million after the issue.
