The company is issuing 400,000 units of primary shares worth Rs 40 million.
Out of the total offered shares, the company has allocated 0.5 percent of issued capital totaling 5,000 units to employees. Similarly, it has allocated 5 percent of the remaining units i.e. 20,000 units to mutual fund units. The general public can apply for the remaining 375,000 units of shares.
The issue will close early on February 17 and lately on February 26.
The interested investors can apply for a minimum of 10 units and maximum of 1,000 units of shares. They can apply from all ASBA approved BFIs and meroshare.
The company has appointed Nepal SBI Merchant Banking as its issue manager.
ICRA Nepal has assigned grade BB to the issue indicating moderate risk.
Right now, the company has paid-up capital of Rs 60 million which will reach Rs 100 million after the IPO.
