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 already issued 937,500 units worth Rs 93.7 million to the locals of affected area and 10 percent of general public quota i.e. 93,750 units shares worth Rs 9.3 million to foreign migrated workers. Similarly, it has allotted 46,875 units to mutual funds and 18,750 units to employees.
In the second phase, it is issuing 778,125 units of shares worth Rs 77.8 million to the general public.
Interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares. The issue will close early on May 15 and lately on May 26.
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 all C-ASBA approved BFIs and Meroshare.
