The company is issuing 20 percent ordinary shares of issued capital worth Rs 1.04 billion. Accordingly, it will issue 2,080,000 units of shares worth Rs 208 million to the general public.
Out of the total approved units, the company is issuing 1,040,000 units worth Rs 104 million to the locals of affected area. The company will issue 520,000 units to the most affected area of ward non 2,3 and 4 of Solukdudhkunda Municipality, Solukhumbu District. Similalry, it will issue 312,000 units to ward no 5,6,7 and 11 of Solududhkhunda Municipality and 208,000 units to other areas of Solukhumbu District.
Similarly, the company will also issue 10 percent of general public quota i.e. 10,000 units shares worth Rs 10.5 million to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close early on March 29 and lately on April 13 for locals of affected area. For the foreign migrated workers, the issue will close early on March 19 and lately on March 29.
ICRA Nepal has assigned BB+ rating to the issuer indicating moderate risks.
The company has appointed NMB Capital as issue manager. The interested local investors can apply from the office of issue manager as well as all C-ASBA approved BFIs, Sallesi branch of NMB Bank, Salleri branch of Laxmi Sunrise Bank, Solukhumbu branch of Global IME Bank and Necha Salyan branch of Prime Commercial Bank.
Meanwhile, the foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
