The company is issuing the IPO from March 15.
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 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.
ICRA Nepal has assigned BB+ rating to the issuer indicating moderate risks.
The company has appointed NMB Capital as issue manager. The interested foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
