After finalizing IPO issue to foreign migrated workers, employees and mutual funds, the company is issuing the IPO to the general public in the next phase.
The company is issuing 30 percent ordinary shares of its issued capital worth Rs 750 million to the general public. Out of it, the company has already issued 10 percent i.e. 225,000 units to foreign migrated workers of Nepal, 67,500 units to employees and 112,500 units to mutual funds.
In the next phase, the company is issuing the remaining 1,845,000 units to the general public.
Interested ivnestors can apply for a minimum of 10 and maximum of 100,000 units to shares. The issue will close early on February 15 and lately on March 9.
The company has appointed NIMB Ace Capital. The investors can apply from all ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned BB- rating to the issuer indicating moderate risks.
