The company is issuing 20 percent ordinary shares of its issued capital of Rs 2 billion. Accordingly, it will issue 4 million units of shares worth Rs 400 million.
Out of the total approved units, the company already issued 10 percent i.e. 400,000 units of shares worth Rs 40 million to the foreign migrated workers, 200,000 units to mutual funds and 80,000 units to employees
Now in the second phase, the company is issuing 3,320,000 units share worth Rs 333 million to the general public.
Interested investors can apply for a minimum of 10 units and maximum of 200,000 units of shares. The issue will close early on February 9 and lately on March 20.
Informerics Credit Rating Nepal has assigned BB- rating to the issuer indicating moderate risks.
The company has appointed NIC Asia Capital as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
