The company is issuing 6 million units of shares worth Rs 600 million. Out of the total offered shares, the company has allocated 5 percent i.e. 300,000 units to employees and another 5 percent to mutual funds. The general public can apply for the remaining 5.4 million units of shares.
The interested investors can apply for a minimum of 10 and a maximum of 5,000 units of shares through all C-ASBA approved BFIs and meroshare software.
The company has appointed Siddhartha Capital as its issue manager. The existing paid-up capital of the company will increase to Rs 2 billion after the IPO.
ICRA Nepal has assigned Grade 4 rating to the issue indicating below average fundamentals.
Securities Board of Nepal (SEBON) approved the IPO on November 26.
