The company is issuing 632,600 units of ordinary shares at a face value of Rs 100 per unit.
Out of the offered units, the company is issuing 189,780 units to ward no 1 and 4 of Illam Municipality of Illam District and the remaining 442,820 units to the locals of Illam District.
The interested investors can apply for a minimum of 10 and maximum of 50,000 unit. The issue will close early on July 6 and lately on July 20.
Care Ratings Nepal has assigned BB rating to the issue indicating moderate risks.
The company has appointed Prabhu Capital as its issue manager. The interested applicants can apply from Fikkal branch of Nepal Bangladesh Bank, Sandukpur and Illam branch of Prabhu Bank, Fikkal and Illam branch of Global IME Bank, Ranke, Mangalbare, Bitaule, Tin Ghare and Illam branch of Prime Commercial Bank. Moreover, they can apply from all ASBA approved BFIs.
