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 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.
