The company started issuing IPO from January 6.
The company is issuing 20 percent ordinary shares of its issued capital worth Rs 1.55 billion. Accordingly, it will issue 3.1 million units of shares worth Rs 310 million to the general public.
Out of total approved units, the company is issuing 1,550,000 units of shares worth Rs 155 million to locals of affected area. The company has allocated 40 percent i.e. 620,000 to the most affected area of ward no 2 and 3 and 60 percent i.e. 930,000 to ward no 1,4,5,6,8 and 9 of Marshyangdi Rural Municipality, Lamjung District
The interested investors can apply for minimum of 10 and maximum of 100,000 units of shares.
Care Ratings Nepal has assigned BB rating to the issue indicating moderate risks.
The company has appointed Global IME Capital as issue manager. The locals of affected area can apply from Besishahar branch of Prabhu Bank, Global IME Bank, Agriculture Development Bank and Prime Commercial Bank and Bhulbhule branch of Himalayan Bank.
Meanwhile, foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
