The company is issuing 30 percent ordinary shares of issued capital worth Rs 860 million. Accordingly, it will issue 2,580,000 million units of shares worth Rs 258 million to the general public.
Out of the total approved units, the company is issuing 10 percent of general public quota i.e. 172,000 units shares worth Rs 172 million to foreign migrated workers.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares.
Care Ratings Nepal has assigned BB+ rating to the issuer indicating moderate risks.
The company has appointed NIMB Ace Capital as issue manager. The interested foreign migrated workers can apply from all C-ASBA approved BFIs and Meroshare.
