The company is issuing 10 percent of total shares allocated to general public to the foreign migrated workers. Accordingly, the company will issue 115,596 units of shares at premium rate of Rs 820.80 per unit. The face value of the shares is Rs 100.
The cut off price has been determined at Rs 912 per unit during auction bidding by eligible institutional investors as per Book Building Guidelines, 2077 Section (13) Subsection (1). Now after providing 10 percent discount on the cut off price, the company is issuing the shares to the general public at Rs 820.80 per unit.
Interested investors can apply for a minimum of 50 and maximum of 20,000 units of shares. The issue will close early on December 11 and lately on December 22.
The company has appointed Global IME Capital as issue manager. The investors can apply from all ASBA approved BFIs and Meroshare.
Care Rating Nepal has assigned Care NP A- rating to the issuer indicating adequate safety.
