- The company is issueing the IPO from March 23.
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The company is issuing 20 percent shares of issued capital worth Rs 937.5 million. Accordingly, it will issue 1,875,000 units of shares worth Rs 187.5 million to the general public.
Out of the total approved units, the company is issuing 937,500 units worth Rs 93.7 million to the locals of affected area. The company is issuing 468,750 units to the most affected area of ward no 8, Sirijunga Rural Municipality, Taplejung District and 468,750 units to ward no 1-5 of Pathivara Yangwarak Rural Municipality and ward no 1 of Hilihang Rural Municipality of Panchthar District.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares.
Care Rating Nepal has assigned BB- rating to the issuer indicating moderate risks.
The company has appointed Sanima Capital as issue manager. The interested local investors can apply from the office of issue manager, Yamfudin, Junga branch of Nepal Bank, NMB Bank, Sanima Bank and Global IME Bank.
