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 already issued 700,000 units worth Rs 70 million to the locals of affected area and 10 percent of general public quota i.e. 210,000 units shares worth Rs 21 million to foreign migrated workers. Moreover, the company has allocated 105,000 units to mutual funds and 42,000 to employees.
Now in the second phase, the company is issuing 1,743,000 units of shares worth Rs 174.3 million to the general public.
Interested investors can apply for a minimum of 10 and maximum of 21,000 units of shares. The issue will close early on May 5 and lately on April 14.
Care Rating Nepal has assigned BB- rating to the issuer indicating moderate risks. The company has appointed Muktinath Capital as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
