Out of the total offering, the company allocated 0.50 percent of issued capital i.e. 10,890 units for employees and 5 percent i.e. 35,390 units to mutual funds. The general public can apply for the remaining 661,520 units of shares.
The issue will close early on July 8 and lately on July 19. The interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares.
It has appointed Global IME Capital as its issue manager. The interested investors can apply for all C-ASBA approved BFIs and through meroshare software.
ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.
