The company has issued capital of Rs 800 million. Previously, the company issued 2 percent of its issued capital i.e. 160,000 units worth Rs 16 million to locals of affected area and 10 percent shares of 18 percent of issued capital to foreign migrated workers of Nepal. Moreover, it issued and allocated 72,000 units to mutual funds and 28,800 to employees.
Now the company is issuing 1,195,200 units of shares worth Rs 119,520,000 to the general public.
Interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares. The issue will close early on April 15 and lately on April 24.
Care Rating Nepal has assigned BB+ rating to the issuer indicating average risks.
The company has appointed Nabil Investment Banking as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
