In the first phase, the company will issue 1,968,027 units of primary shares worth Rs 196.8 million to the locals of the affected area of Nuwakot and Myagdi District.
The company has obtained an approval to issue 20 percent of IPO of its issue capital from SEBON. The company will issue 3,936,054 units of primary shares to the general public. In the first phase, it will issue IPO to the locals of the affected area and in the second phase, it will issue shares to the general public.
The interested locals of the affected area can apply for the shares from July 23. The issue will close early on August 6 and lately on August 21
The issue is being managed by Nabil Investment Banking. The interested investors can apply for a minimum of 10 and a maximum of 20,000 units of shares.
Care Ratings Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.
