The company started issuing the IPO from January 9.
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 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.
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 foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
