The company obtained approval to issue 48.9998 percent ordinary shares of its issued capital of Rs 382.4 million. Accordingly, it will issue 1,890,530 units of shares worth Rs 189 million.
Out of it, it already issued and allocated 385,824 units of shares worth Rs 38.5 million to the locals of affected area and 150,471 units ordinary shares worth Rs 15 million to foreign migrated workers.
Now in the second phase, the company is issuing 1,354,235 units of shares to the general public. Out of total units, the company has allocated 30,095 units to employees and 75,236 units to mutual funds. The general public can apply for the remaining 1,248,904 units of shares.
Interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares. The issue will close early on August 14 and lately on August 25.
ICRA Nepal has assigned B+ rating to the issuer indicating moderate risks.
The company has appointed Laxmi Sunrise Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
