The company is issuing 32.65 percent ordinary share of its issued capital worth Rs 980 million. Accordingly, it will issue 3.2 million units of ordinary shares worth Rs 320 million.
Out of total approved units, the company is issuing 10 percent of issued capital i.e. 980,000 units of shares worth Rs 98 million to the locals of affected area of ward no 1 to 10 of Badigad Rural Municipality and ward no 2 of Dhorpatan Municipaliyt of Baglung District from January 20.
The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will now close on February 20.
ICRA Nepal has assigned BB rating to the issues indicating moderate risks.
The company has appointed Global IME Capital as issue manager. The locals can apply from Global IME Bank’s Buribang and Baglung Bazar branches, Prabhu Bank’s Badigad branch, Garima Bikas Bank’s Burtibang branch and Shine Resunga Development Bank’s Burtibang branch by paying Rs 2 per form.
