The company obtained approval to issue 40 percent i.e. 231,000 units of ordinary shares worth Rs 23.1 million. In the first phase, the company allotted 1,155 units to employees, 11,550 units to mutual funds and 23,100 units to foreign migrated workers.
Now in the second phase, the company is issuing 195,195 units of shares worth Rs 19.5 million to the general public.
The interested investors can apply for a minimum of 10 and maximum of 5,000 units of shares. The issue will close early on August 19 and lately on August 29.
ICRA Nepal has assigned B@ to the issuer indicating huge risks.
The company has appointed Nabil Investment Banking as its issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
