The company is issuing 25 percent ordinary shares of its issued capital of Rs 340 million. Accordingly it will issue 850,000 units of shares worth Rs 85 million. Out of total approved units, the company is issuing 10 percent i.e. 85,000 units of shares worth Rs 8.5 million of the foreign migrated workers.
The interested investors can apply for a minimum of 10 and maximum of 5,000 units of shares. The issue will close early on May 7 and lately on May 18.
The company has appointed Global IME Capital as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned BB- rating to the issuer indicating moderate risks.
