The company has issued capital of Rs 815,609,700. It obtained approval to issue 48.696 percent i.e. 3,971,693 ordinary shares at a face value of Rs 100 per unit.
In the first phase, it is issuing 10 percent of the approved units to foreign migrated workers. Accordingly, it will issue 397,169.30 units of shares worth Rs 39,716,930 to the workers.
Interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares. The issue will close on May 5.
The company has appointed Sunrise Capital as issue manager. The applicants can apply from all C-ASBA approved BFIs and Meroshare.
ICRA Nepal has assigned BB- rating to the issuer indicating moderate risks.
