Out of the total offered shares, the company has allocated 8,250 units to employees and 26,500 units to a mutual fund. The general public can apply for the remaining 495,250 units of shares.
NIBL Ace Capital has been roped in as issue manager by the company. The interested investors can apply for a minimum of 10 and a maximum of 2,000 units of shares through all C-ASBA approved BFIs and meroshare software. The issue will close on July 21.
ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.
Presently, the company has a paid-up capital of Rs 112 million that will reach Rs 165 million after the IPO issuance.
