Earlier, the company issued 200,000 units of IPO worth Rs 20 million to the locals of affected area of Shankhuwasabha which went undersubscribed. The unsubscribed 180,580 units of shares are being added to the issue.
The company has appointed CBIL Capital as its issue manager.
After the two-phase IPO issuance, the paid-up capital of the company will reach Rs 200 million where promoter and general investors will have share ownership of 70:30.
ICRA Nepal has assigned grade 5 rating to the IPO indicating poor fundamentals.
