The company is issuing 20 percent 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 is issuing 1 million units of shares worth Rs 100 million to the locals of affected area. Out of total allocated units, the company will issue 60 percent i.e. 600,000 units to the resident of the most affected area of ward no 4, Kwhlosothar Rural Municipality, Lamjung District and remaining 40 percent to the residents of ward no 1,2,3,5,6,7,8, and 9 of same Municipality.
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 locals of affected area can apply for the shares from Kwhlosothar Rural Municipality ward no 4 office as well as office of Kwhlosothar Rural Municipality. Moreover, they can apply from Besishahar branch office of Machhapuchchhre Bank, Prabhu Bank, Sanima Bank, Kumari Bank and registered office of Bhujung Hydropower, Samakhusi, Kathmandu.
