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.
Interested investors can apply for a minimum of 10 and maximum of 7,000 units of shares.
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.
