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 860,000 units of shares worth Rs 86 million to the locals of affected area. Out of that, the company will issue 344,000 units of shares to the most affected area of ward no n1 and 2 and the remaining 516,000 unit to other wards of of Solududhkunda Municipality of Solukhumbu District.
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 local investors can apply from Salleri, Solukhumbu branch of Machhapuchchhre Bank, Nepal Bank, Prabhu Bank and NMB Bank as well as all C-ASBA approved BFIs.
