The company is issuing 400,000 units of primary shares at a face value of Rs 100 per unit to the locals of the affected area on July 20.
The interested applicants could apply for the shares from Hile and Dhankuta Branch of Machhapuchchhre Bank, Sankranti, Fedap, Chathar, Sidhuwa, Sangurigadhi and Rajarani Branch of Nepal Bangladesh Bank, Jiri, Khimti, Myanglung, Tehrathum Branch of Global IME Bank and the Tehrathum office of Hydropower Project. Moreover, the interested locals of affected areas can apply from Saptakoshi Development Bank, Basantapur Branch, Tehrathum as well.
The interested investors can apply for a minimum of 10 and a maximum of 60,000 units of shares.
ICRA Nepal has assigned BB- rating to the issue indicating moderate risk.
The company has appointed NIBL Ace Capital as its issue manager.
