As per Sanima Capital, issue manager of the company, all valid applicants have been provided sought number of shares. Sanima Capital informed that only 18.16 percent i.e. 174,750 units of offered shares have been subscribed.
The company issued 10 percent shares of its issued capital 962,500 units of shares to the project affected local residents of Fidim Municipality and Hilihang and Falelung Rural Municipality (Former Jharpa, Yangnam and Nangin VDC) of Panchthar District.
Thereafter, the company will issue the remaining 787,750 units of shares to the general public in second phase issuance.
