The company started issuing the IPO on February 25.
The company is issuing 25 percent shares of issued capital worth Rs 550 million. Accordingly, it will issue 1,375,000 units of shares worth Rs 137.5 million to the general public.
Out of the total approved units, the company is issuing 10 percent of general public quota i.e. 82,500 units shares worth Rs 8,250,000 to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares.
Care Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed RBB Merchant Banking as issue manager. The interested foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
