Earlier, the company issued the first phase IPO to locals of the affected area of Panchthar from January 14-February 12 in which 81.84 percent i.e. 787,750 units of shares were unsubscribed.
Out of the total shares, the company has allotted 35,005 units to employees and 87,512 units to mutual funds. General public can apply for the remaining 1,627,733 units of shares till February 28. The company will extend the deadline till March 26 if the issue goes unsubscribed by February 28.
The company has appointed Sanima Capital as its issue manager.
The interested investors can apply for a minimum of 10 and maximum of 9,620 units of shares at a price of Rs 100. The investors can apply through all C-ASBA approved BFIs as well as meroshare software.
Care Ratings Nepal has assigned grade 4 rating to the issuance indicating below average fundamentals.
