The company is issuing the IPO on March 11.
The company is issuing 35.26 percent shares of issued capital worth Rs 1.20 billion. Accordingly, it will issue 42,230,668 units of shares worth Rs 423 million to the general public.
Out of the total approved units, the company is issuing 10 percent of general public quota i.e. 303,067 units shares worth Rs 30.3 million to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares.
Care Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed Prabu Capital as issue manager. The interested local investors can apply from all C-ASBA approved BFIs and Meroshare.
