The company is issuing 35.26 percent shares of issued capital worth Rs 1.20 billion. Accordingly, it will issue 42,230,668 units of shares worth Rs 423 million to the general public.
Out of the total approved units, the company already issued 10 percent i.e. 1.2 million units worth Rs 120 million to the locals of affected area of Bhojpur District and 10 percent of general public quota i.e. 303,067 units shares worth Rs 30.3 million to foreign migrated workers.
Moreover, the company has secure3d 151,533 units shares worth Rs 15.1 million for mutual funds and 60,613 units worth Rs 6.06 million for employees.
Now in the second phase, the company is issuing 2,515,455 units of shares to the general public.
Interested investors can apply for a minimum of 10 and maximum of 50,000 units of shares. The issue will close early on May 11 and lately on May 20.
Care Rating Nepal has assigned BB rating to the issuer indicating moderate risks.
The company has appointed Prabu Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
