The company is issuing 25 percent ordinary shares of its issued capital of Rs 340 million. Accordingly it will issue 850,000 units of shares worth Rs 85 million. Out of total approved units, the company already issued 10 percent i.e. 85,000 units of shares worth Rs 8.5 million of the foreign migrated workers. Similarly, it has allocated 42,000 units to mutual funds and 17,000 to employees.
Now in the second phase, the company is issuing 705,500 units to the general public.
The interested investors can apply for a minimum of 10 and maximum of 5,000 units of shares. The issue will close early on June 16 and lately on June 25.
The company has appointed Global IME Capital as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
Care Ratings Nepal has assigned BB- rating to the issuer indicating moderate risks.
