The company is issuing 25 percent shares of issued capital worth Rs 550 million. Accordingly, it will issue 1,375,000 units of shares worth Rs 137.5 million to the general public.
Out of the total approved units, the company already issued 550,000 units worth Rs 55 million to the locals of affected area and 82,500 units shares worth Rs 8,250,000 to foreign migrated workers.
Moreover, the company has secured 41,250 units to mutual funds and 16,500 units to employees. Now in the second phase, the company is issuing 684,750 units of shares worth Rs 68.4 million to the ordinary investors.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close early on April 8 and lately on April 19.
Care Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed RBB Merchant Banking as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
