The company closed its book on October 22 for the right issue, thus, the shareholders registered in its book till October 21 are eligible to apply for the right shares.
The company has appointed Prabhu Capital as its issue manager. The interested existing shareholders can apply for the shares from Prabhu Capital, branch offices of Nepal Finance and all ASBA approved BFIs and meroshare software till December 9.
ICRA Nepal has assigned Grade 5 rating to the issue indicating poor fundamentals.
The company obtained approval from Securities Board of Nepal (SEBON) to issue 125 percent right shares on October 5.
Currently, the company has a paid-up capital of Rs 135.8 million that will reach Rs 305.5 million after the right issue.
