The company obtained approval to issue 26.33 percent of ordinary shares of its issued capital of Rs 300 million. Accordingly, it will issue 790,000 units of shares worth Rs 79 million to the general public.
Out of total approved units, the company already issued 79,000 units of shares worth Rs 7.9 million to the foreign migrated workers.
In the second phase, the company is issuing 655,700 units of shares at a face value of Rs 100 each to the general public.
Interested investors can apply for a minimum of 10 units and maximum of 7,000 units of shares. The issue will close early on June 10 and lately on June 19.
The company has appointed Muktinath Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned BB rating to the issuer indicating Moderate risks.
