The company obtained approval to issue 26.33 percent of ordinary shares of its issued capital of Rs 300 million. Accordingly, it will issue 790,000 units of shares worth Rs 79 million to the general public.
Out of total approved units, the company will issue 79,000 units of shares worth Rs 7.9 million.
Interested investors can apply for a minimum of 10 units and maximum of 7,000 units of shares. The issue will close early on May 5 and lately on May 14.
The company has appointed Muktinath Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned BB rating to the issuer indicating Moderate risks.
