The company obtained approval to issue 35 percent ordinary shares of its issued capital of Rs 830 million. Accordingly, it will issue 2,905,000 units of shares worth Rs 290.5 million.
Out of it, it already issued 830,824 units of shares worth Rs 83 million to the locals of affected area and 207,500 units ordinary shares worth Rs 20.7 million to foreign migrated workers. Similarly, it allocated 103,750 units to mutual funds and 62,250 units to employees.
Now in the second phase, the company is issuing 1,701,500 unit shares worth Rs 170,150,000 to the general public
Interested investors can apply for a minimum of 10 and maximum of 20,000 units of shares.
The issue will close on September 4 and lately on September 15.
Care Ratings Nepal has assigned B rating to the issuer indicating moderate risks.
The company has appointed Himalayan Capital as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
