The company is issuing 20 percent shares of issued capital worth Rs 937.5 million. Accordingly, it will issue 1,875,000 units of shares worth Rs 187.5 million to the general public.
Out of the total approved units, the company is issuing 937,500 units worth Rs 93.7 million to the locals of affected area. The company is issuing 468,750 units to the most affected area of ward no 8, Sirijunga Rural Municipality, Taplejung District and 468,750 units to ward no 1-5 of Pathivara Yangwarak Rural Municipality and ward no 1 of Hilihang Rural Municipality of Panchthar District.
Similarly, the company will also issue 10 percent of general public quota i.e. 93,750 units shares worth Rs 9.3 million to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares for locals of affected area and 1,000 units for foreign migrated workers. The issue will close early on April 6 and lately on April 21 for locals of affected area. For the foreign migrated workers, the issue will close early on March 26 and lately on April 6.
Care Rating Nepal has assigned BB- rating to the issuer indicating moderate risks.
The company has appointed Sanima Capital as issue manager. The interested local investors can apply from the office of issue manager, Yamfudin, Junga branch of Nepal Bank, NMB Bank, Sanima Bank and Global IME Bank.
Meanwhile, the foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
