The company is issuing 30 percent of its issued capital totaling 2,518,230 units of primary shares worth Rs 251.8 million to its shareholders.
Out of the total offered shares, the company has allocated 2 percent i.e. 50,365 units to employees and 5 percent i.e. 125,911 units to mutual funds. The general public can apply for the remaining 2,341,954 units of shares.
The issue will close early on May 4 and lately on May 14. The interested investors can apply for a minimum of 10 and maximum of 2,518,230 units of shares.
Care Ratings Nepal has assigned Care NP BB IS rating to the issue indicating average fundamentals.
The company has appointed Sunrise Capital as its issue manager. The investors can apply from all C-ASBA approved BFIs and meroshare.
