The company is issuing 40 percent ordinary shares of its issued capital of Rs 1.30 billion. Accordingly, it will issue 5,232,548 units of shares worth Rs 523.2 million to the general public.
Out of the total offered units, the company issued 2 percent i.e. 261,629 units of shares worth Rs 26.1 million to the locals of affected area of all wards of Ratna Nagar Municipality of Chitwan District and 10 percent i.e. 497,092 units of shares worth Rs 49.7 million to foreign migrated workers of Nepal. Moreover, the company secured 149,127 units to employees and 248,546 units to mutual funds.
Now in the second phase, the company is issuing 4,076,156 units shares worth Rs 407.6 million to the general public.
The interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares. The issue will close early on November 9 and lately on November 19.
ICRA Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed Prabhu Capital as issue manager. The public can apply from all C-ASBA approved BFIs and Meroshare.
