The company is issuing 20 percent ordinary shares of its issued capital worth Rs 1.55 billion. Accordingly, it will issue 3.1 million units of shares worth Rs 310 million to the general public.
Out of total approved units, the company already issued and allotted 1,550,000 units of shares to locals of affected area and 155,000 units to foreign migrated workers of Nepal.
Now in the second phase, the company is issuing 1,286,500 units of shares worth Rs 128.6 million to the general public after securing 31,000 units to its employees from February 17. .
The interested investors can apply for minimum of 10 and maximum of 100,000 units of shares. The issue will close early on February 23 and lately on March 3.
Care Ratings Nepal has assigned BB rating to the issue indicating moderate risks.
The company has appointed Global IME Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
