The issue manager informed that a total of 332,975 applicants have applied for 6,843,000 units of shares worth Rs 684.3 million till 10:00 AM of May 31.
The company issued 629,930 units of shares as IPO to the general public. The company issued 32.50 percent of issued capital to the general public.
Out of the total offered shares, the company has allocated 33,700 units to mutual fund and 10,370 units to employees. The general public can apply for the remaining 639,930 units of shares.
Care Ratings Nepal has assigned Grade 4 to the IPO indicating below average fundamentals.
