The company is issuing 407,705 units of primary shares to the locals of affected area of Gulmi District at a face value of Rs 100. The issue will close early on March 5 and lately on March 21.
The interested investors can apply for a minimum of 10 and maximum of 400,000 units of shares. The company has appointed NMB Capital as its issue manager.
The applicants can apply for the shares from various designated branches of Shine Resunga Development Bank, Garima Bikas Bank, Global IME Bank and Kumari Bank at Gulmi. Moreover, they can apply from all C-ASBA approved BFIs.
ICRA Nepal has assigned ICRA-IR BBB rating to the issue indicating moderate risk.
