The company is issuing 22 percent ordinary shares of its issued capital worth Rs 1.18 billion. Accordingly, it will issue 2,607,000 units of shares worth Rs 260.7 million to the general public.
Out of total approved units, the company already issued 1,185,000 units of shares worth Rs 118.5 million to locals of affected area and 142,200 units worth Rs 14.2 million to foreign migrated workers of Nepal.
Now in the second phase, the company is issuing 1,180,260 units of shares to the general public after securing 28,440 units to employees and 71,100 units to mutual funds.
The interested investors can apply for minimum of 10 and maximum of 50,000 units of shares. The issue will close early on February 14 and lately on February 25.
Care Ratings Nepal has assigned BB rating to the issue indicating moderate risks.
The company has appointed Prabhu Capital as Issue Manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
