The company is issuing 30 percent ordinary shares of its issued capital worth Rs 600 million. Accordingly, it will issue 1.8 million units of shares worth Rs 180 million. Out of the total offered units, the company will issue 10 percent i.e. 180,000 units of shares worth Rs 18 million to foreign migrated workers.
Moreover, the company has allocated 5 percent i.e. 90,000 units to mutual fund and 3 percent i.e. 54,000 units to employees. The remaining 1,476,000 units will be issued to the general public later.
The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares till February 17.
The company has appointed Prabhu Capital as issue manager. they can apply from all ASBA approved BFIs and Meroshare.
Care Rating Nepal has assigned BB- rating to the issuer indicating moderate risks.
The project cost is Rs 1.26 billion. The company has already spent Rs 975.4 million and outstanding payment of Rs 290.9 million. The payback period is 7.15 years and discounted payback period is 9.75 years.
