The company obtained approval of issuing 30 percent of its issue capital worth Rs 750 million to the general public. Out of it, it will issue 10 percent i.e. 225,000 units of shares worth Rs 22.5 million to foreign migrated workers.
The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close on February 11.
The company has appointed NIMB Ace Capital as issue manager. The applicants can apply for all ASBA approved BFIs and Meroshare.
ICRA Nepal has assigned BB rating to the issuer indicating moderate risks.
