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 from January 9.
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 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.
