Out of the total offered shares, the company will issue 33.33 percent i.e. 500,000 units to locals of affected area of Lamjung District, Dordi Ruralmunicipality ward no 6 and 7. Similarly, it will issue 33.33 percent to remaining wards of Dordi Ruralmunicipality and ward no 11 of Besishahar Municipality. The remaining 33.33 percent will be issued to locals of affected area of other Lamjung Districts.
The interested investors can apply for a minimum of 10 and maximum of 10,000 units of shares at a price of Rs 100. The issue will close early on March 24 and lately on April 8.
ICRA Nepal has assigned ICRA NP IPO Grade 4 to the issue indicating below average indicators. The company has appointed NIBL Ace Capital as its issue manager.
