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 already issued 1,875,000 units to the locals of affected area and 562,500 units shares to foreign migrated workers. Similarly, it secured 281,250 unit shares to mutual funds and 281,250 units to employees.
Now in the second phase, the company is issuing 4.5 million unit shares to the general public.
Interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares. The issue will close early on February 27 and lately on March 10.
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 all C-ASBA approved BFIs and Meroshare.
