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 already issued and allotted 980,000 units of shares to the locals of affected area and 222,000 units shares to the foreign migrated workers. The company also secured 111000 units to mutual funds and 44,400 units to employees.
Now in the second phase, the company is issuing 1,842,600 units of shares to the general public.
The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close early on March 6 and lately on March 15.
ICRA Nepal has assigned BB rating to the issues indicating moderate risks.
The company has appointed Global IME Capital as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
