The company started issuing the IPO to the general public from December 22 after completing IPO issue to foreign migrated workers of Nepal.
The company is issuing 924,768 units of ordinary shares to the general public. The company has allocated 57,798 units to the company’s employees.
Accordingly, the company is issuing the 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 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.
