The company obtained approval to issue 25 percent of ordinary shares of its issued capital of Rs 1.71 billion. Accoridngly, it will issue 4,290,000 units of shares worth Rs 429 million to the general public.
Out of total approved units, the company is issuing 429,000 units of shares worth Rs 42.9 million to foreign migrated workers.
Moreover, the company has secured 214,500 units to mutual funds and 171,600 units to employees. The remaining 3,474,900 units will be issued later to the general public.
Interested investors can apply for a minimum of 10 units and maximum of 11,000 units of shares. The issue will close early on March 26 and lately on April 9.
The company has appointed NMB Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned B rating to the issuer indicating high risks.
