The company is issuing the FPO in a bid to maintain promoter and ordinary shareholders’ ratio of 70:30.
Following the merger of former Naya Sarathi Laghubitta Bittiya Sanstha and Vijaya Laghubitta Bttiya Sanstha, the joint entity has a paid-up capital of Rs 745 million with promoter and ordinary shareholders’ ratio of 74.39:25.61. In order to maintain the ratio, the company is issuing the FPO.
The company is issuing 466,817 units of ordinary shares worth Rs 46.6 million.
The issue will close early on January 8 and lately on January 19. The interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares.
ICRA Nepal has assigned B@ rating to the issuer indicating huge risks.
The company has appointed NMB Capital as issue manager. The interested investors can apply from all ASBA approved BFIs and Meroshare.
