The company is issuing 331,000 units of ordinary shares worth Rs 33.1 million to the general public. Out of total offered units, the company has secured 0.5 percent i.e. 5,155 units to employees and 5 percent i.e. 16,550 units to mutual funds.
The general public can apply for the remaining 308,295 units of shares.
The issue will close early on August 14 and lately on August 23.
The company has appointed Sunrise Capital as issue manager.
The interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares from all C-ASBA approved BFIs and meroshare website and mobile app.
Care Ratings has assigned BB- rating to the issue indicating moderate risks. At present, the company has a paid-up capital of Rs 70 million that will reach Rs 103.1 million after the issue.
