The company is issuing 40 percent shares of issued capital worth Rs 700 million. Accordingly, it will issue 2.8 million units of shares worth Rs 280 million to the general public.
Out of the total approved units, the company is issuing 700,000 units worth Rs 70 million to the locals of affected area of ward no 1-7 of Jugal Rural Municipality of Sindhupalchowk District.
Similarly, the company will also issue 10 percent of general public quota i.e. 210,000 units shares worth Rs 21 million to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 7,000 units of shares for locals of affected area and 21,000 units for foreign migrated workers. The issue will close early on April 5 and lately on April 20 for locals of affected area. For the foreign migrated workers, the issue will close early on March 25 and lately on April 5.
Care Rating Nepal has assigned BB- rating to the issuer indicating moderate risks.
The company has appointed Muktinath Capital as issue manager. The interested local investors can apply from the office of issue manager, Jugal Rural Municipality of Sidhu Bikas Bank and Kumari Bank as well as C-ASBA approved BFIs.
Meanwhile, the foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
