The company is issuing 30 percent shares of issued capital worth Rs 2.85 billion. Accordingly, it will issue 8,550,000 units of shares worth Rs 855 million to the general public. In the first phase, the company already issued 2,850,000 units shares to the locals of affected area and 10 percent of general public quota i.e. 570,000 units shares worth Rs 57 million to foreign migrated workers. Moreover, the company has allocated 171,000 units to employees and 285,000 units to mutual funds.
Now, in the second phase, the company is issuing 4,674,000 units of shares worth Rs 467.4 million to the general public.
Interested investors can apply for a minimum of 10 and maximum of 20,000 units of shares. The issue will close early on June 3 and lately on June 11.
ICRA Nepal has assigned BB- rating to the issuer indicating moderate risks.
The company has appointed Laxmi Sunrise Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
