The company obtained approval to issue 49 percent shares of its issued capital worth Rs 909.1 million. As per the approval, it will issue 4,454,596 units of shares worth Rs 445.4 million.
Out of the total approved units, the company is issued 909,101 units of shares to the locals of affected area and 354,550 units to foreign migrated workers of Nepal.
The company has secured 70,910 units to employees and 177,275 units for mutual funds. The remaining 2,942,760 units is being issued to the general public.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares.
The issue will close early on July 6 and lately on July 16.
ICRA Nepal has assigned BBB- rating to the issuer indicating moderate risks.
The company has appointed Prabhbu Capital as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
