The company sought SEBON approval to issue 16 million units of IPO.
ICRA Nepal has assigned Grade 2 rating to the IPO indicating above average fundamentals.
The company has appointed RBB Merchant Banking as its issue manager.
The company has authorized capital of Rs 12 billion, issued capital of Rs 10 billion and paid-up capital of Rs 8.40 billion. After the IPO issuance, the paid-up capital will reach Rs 10 billion.
