The company is issuing 4,657,143 units of right shares worth Rs 465.7 million at a ratio of 1:1.
In this regard, the company closed its book on July 11, thus, the shareholders registered in its book till July 10 are eligible to apply for the right share.
ICRA Nepal has assigned B rating to the issuer indicating high risks.
The company has appointed Citizens Capital as issue manager. The interested investors can apply for the shares from the issue manager as well as Lalitpur branch of Kuamri Bank, Kumaripati, Thimi, Biratnagar, Birtamod, Birgunj, Surkhet, Janakpur, Nepalgunj, Narayangadh, Dhangadhi, Pokhara, Butwal and Hetauda branch of Citizens Bank International. Similarly, they can apply from C-ASBA approved BFIs and Meroshare.
Currently, the company has paid-up capital of Rs 465.7 million that will reach Rs 931.4 million after the right distribution.
