The government announced public holiday to mourn the demise of Aviation Minister Rabindra Prasad Adhikari in Helicopter Accident in Taplejung.
As per Sanima Capital, issue manager of the company, the IPO has been oversubscribed by 1.390 times till Wednesday evening.
The company started issuing initial public offering from February 25. The company is issuing 1,750,250 units of shares including the unsold shares of the first phase IPO to the general public.
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.
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.
