The company is issuing 20 percent ordinary share of its issued capital worth Rs 689.6 million. Accordingly, it will issue 1,379,350 units of ordinary shares worth Rs 137.9 million.
Out of total approved units, the company is issuing 10 percent of issued capital i.e. 689,675 units of shares worth Rs 68.9 million to the locals of affected area of all wards of Dupcheswor Rural Municipality, Nuwakot District.
Similarly, the company is also issuing 10 percent of total offered units of general public i.e. 68,967 units shares worth Rs 6.8 million to the foreign migrated workers.
The interested investors can apply for a minimum of 10 and maxium of 50,000 units of shares. The issue will close early on January 7 and lately on January 22 for locals of affected area. In case of foreign migrated workers, the issue will close early on December 29 and lately on January 7.
Care Ratings Nepal has assigned BB- rating to the issues indicating moderate risks.
The company has appointed Kumari Capital as issue manager. The locals can apply from Samundratar Branch of Jyoti Bikas Bank, Khairenitar Branch of Agriculture Development Bank and Rastriya Banijya Bank, Registered Office at Tradetower, Thapathali and Project Site at Dupcheswor Rural Municipality by paying Rs 2 per form.
Meanwhile, the foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
