The company is issuing 1,690,470 units of IPO worth Rs 169 million including the unsubscribed 242,010 units of shares of the previous IPO issued to locals of affected area of Illam.
Out of the total units, 3 percent i.e. 50,714 units of shares have been allocated to employees and 84,523 units of shares have been allocated to mutual funds. The general public will be issued remaining 1,555,233 units of shares.
As per the issue manager Siddhartha Capital, the issue will close early on December 5 and lately on December 31. The interested investors can apply for a minimum of 50 to a maximum of 800,000 units of shares from all C-ASBA approved BFIs and through meroshare software.
The company with Rs 371.4 million in paid-up capital is issuing 49 percent shares to locals of the affected area and general public.
