The company started 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 1,185,000 units of shares worth Rs 118.5 million to locals of affected area of all wards of Ajirkot Rural Municipality, Gorakha District, ward no 1,2,3 of Dudhpokhari Rural Municipality and ward no 4,5,6 of Dordi Rural Municipality of Lamjung District.
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. Locals of affected area can apply from the project site at Gorakha, Prabhu Capital-Kamaladi, Chepetar and Palungtar branch of Prabhu Bank. Moreover, they can apply from the link https://ipoapply.prabhucapital.com of Prabhu Capital.
