Following the approval, the company will issue 3,936,054 units of primary shares worth Rs 393.6 million. Out of the total offered shares, the company will issue 1,968,027 units to locals of the affected area and 1968,027 units to the general public.
Care rating Nepal has assigned Care NP Grade 4 to the IPO indicating below average fundamentals.
The company has appointed Nabil Investment Banking and CBIL Capital as its issue manager.
