Previously the company issued 420,000 units of primary shares to locals of affected area. Out of which a total of 243,910 units of shares went unsubscribed which has been added to the issue.
The company has allocated 43,696 units of shares to mutual fund and 17,478 units to employees. The public can apply for 812,736 units of shares.
The interested investors can apply for a minimum of 10 units and maximum of 10,000 units of shares. The issue will close early on November 18 and lately on November 26.
The company has appointed Global IME Capital as its issue manager.
Care Rating Nepal has assigned Care NP IPO Grade 4 rating to the IPO indicating below average fundamentals.
