The company is issuing 20 percent ordinary shares of issued capital worth Rs 1.04 billion. Accordingly, it will issue 2,080,000 units of shares worth Rs 208 million to the general public.
Out of the total approved units, the company issued 1,040,000 units worth Rs 104 million to the locals of affected area and 10 percent of general public quota i.e. 10,000 units shares worth Rs 10.5 million to foreign migrated workers. Moreover, the company has allocated 20,800 units to its employees and 52,000 to mutual funds.
Now in the second phase the company is issuing 86,320,000 units of shares at a face value of Rs 100 per unit.
Interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares. The issue will close early on September 10 and lately on September 21.
ICRA Nepal has assigned BB+ rating to the issuer indicating moderate risks.
The company has appointed NMB Capital as issue manager. The interested investors can apply from tall C-ASBA approved BFIs and Meroshare.
