The company is issuing 20 percnet ordinary shares of its issued capital of Rs 1 billion. Accordingly, it will issue 2 million units of shares worth Rs 200 million to the ordinary shareholders.
Out of the total approved units, the company will issue 10 percent of general public quota i.e. 100,000 units of shares worth Rs 10 million to the foreign migrated workers from December 18.
The interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares.
ICRA Nepal has assigned B+ rating to the issuer indicating high risks.
The company has appointed Kumari Capital as issue manager. The foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
