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 already issued 860,000 units of shares worth Rs 86 million to the locals of affected area and 10 percent of general public quota i.e. 172,000 units shares to foreign migrated workers. Similarly, the company has allocated 34,400 units to employees and 86,000 to the mutual funds.
Now in the second phase, the company is issuing 1,427,600 units worth Rs 142.7 million to the general public.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close early on June 22 and lately on July 1.
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 investors can apply from all C-ASBA approved BFIs and Meroshare.
