The company stated issuing the IPO on December 28.
The company is issuing 22 percent ordinary shares of its issued capital worth Rs 1.18 billion. Accordingly, it will issue 2,607,000 units of shares worth Rs 260.7 million to the general public.
Out of total approved units, the company is issuing 142,200 units worth Rs 14.2 million to foreign migrated workers of Nepal.
The interested investors can apply for minimum of 10 and maximum of 50,000 units of shares.
Care Ratings Nepal has assigned BB rating to the issue indicating moderate risks.
The company has appointed Prabhu Capital as Issue Manager. The interested foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
