The company is issuing 30 percent shares of issued capital worth Rs 570 million. Accordingly, it will issue 1,410,000 units of shares worth Rs 141 million to the general public.
Out of the total approved units, the company already issued 470,000 units worth Rs 47 million to the locals of affected area and 10 percent of general public quota i.e. 94,000 units shares worth Rs 940,000 to foreign migrated workers. Moreover, the company also secured 37,000 units for mutual funds and 18,800 units to employees.
Now in the second phase, the company is issuing 780,200 units of shares worth Rs 78 million to the general public.
Interested investors can apply for a minimum of 10 and maximum of 94,000 units of shares for. The issue will close early on April 13 and lately on April 23.
Care Rating Nepal has assigned BB-rating to the issuer indicating moderate risks.
The company has appointed Himalayan Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
