The company is issuing 20 percent of issued capital worth Rs 3.75 billion. Accordingly, it will issue 7.5 million units of shares worth Rs 750 million to the general public.
Out of the total approved units, the company is issuing 5 percent i.e. 1,875,000 units worth Rs 187.5 million to the locals of affected area of western Nawalparasi (former Nawalparasi District) and mining area of Palpa District.
Moreover, the company will also issue 10 percent of general public quota i.e. 562,500 units shares worth Rs 56.2 million to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares. The issue will close early on January 23 and lately on February 8 for locals of affected area. For the foreign migrated workers, the issue will close early on January 14 and lately on January 23.
Informarics Credit Rating Nepal has assigned BB+ rating to the issuer indicating moderate risks.
The company has appointed Nabil Investment Banking as issue manager. The interested investors can apply from Tansen, Bardghat, Bulibtar, Gaidakot branch of Nabil Bank, Palpa, Bardghat, Parasi and Belatali branch of Prabhu Bank and Palpa, Bardghat and Parasi branch of Siddhartha Bank.
Meanwhile, the foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
