The company is issuing 20 percent ordinary share of its issued capital worth Rs 689.6 million. Accordingly, it will issue 1,379,350 units of ordinary shares worth Rs 137.9 million.
Out of total approved units, the company already issued and allocated 10 percent of issued capital i.e. 689,675 units of shares to the locals of affected area and 10 percent of total offered units of general public i.e. 68,967 units to the foreign migrated workers.
Now in the second phase, the company is issuing 572,431 units to the general public after securing 13,793 units to employees and 34,484 units to mutual funds.
The interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares. The issue will close early on February 4 and lately on February 15.
Care Ratings Nepal has assigned BB- rating to the issues indicating moderate risks.
The company has appointed Kumari Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare
