The company is issuing 721,060 units of primary shares including 121,060 unsubscribed units from the issuance issued to the locals of the affected area. Out of total offered units, the company has secured 5 percent for mutual funds and 2 percent for employees. The general public can apply for the remaining 670,586 units.
The issue will close early on August 2 and lately on August 12. The interested investors can apply for a minimum of 10 and a maximum of 30,000 units of shares.
The investors can apply from all ASBA-approved BFIs and meroshare.
The company has appointed NIBL Ace Capital as its issue manager. ICRA Nepal has assigned BB rating to the issue indicating moderate risk.
