The company obtained approval to issue 20.7067 percent of issued capital Rs 2.83 billion as IPO to the public. Accordingly, it will issue 5,860,000 units of ordinary shares worth Rs 286 million.
Out of total approved units, the company is issuing 259,400 units shares worth Rs 52.9 million to foreign migrated workers of Nepal from July 22.
Interested investors can apply for a minimum of 10 and maximum of 20,000 units of shares.
Care Ratings Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed Nepal SBI Merchant banking as issue manager. Foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
