The company is issuing 500,000 units of primary shares worth Rs 500 million at a face value of Rs 100 to the locals of the affected area.
Out of the total offered shares, the company is issuing 60 percent i.e. 300,000 units to locals of the affected area of Illam and 40 percent i.e. 200,000 units to most affected locals of Illam Municipality ward no 8 and 10 and Maijogmai Ruralmunicipality ward no 4 and 5.
The issue will close early on August 20 and lately on September 5. The interested investors can apply for a minimum of 10 and maximum of 20,000 units of shares.
They can apply for the shares from Illam branch of Nepal SBI Bank, NMB Bank, Siddhartha Bank, Civil Bank and Laxmi bank. Moreover, they can apply from all C-ASBA approved BFIs.
ICRA Nepal has assigned BB- rating to the issue indicating moderate risk.
