The company is issuing 1:1.5 right shares to its existing shareholders. Accordingly, it will issue 10,603,986 units of right shares worth Rs 1.06 billion.
The company closed its book on July 4 for the right shares, thus, the shareholders registered in its book till July 3 are eligible to apply for the right shares.
The company has appointed Siddhartha Capital as its issue manager. The interested investors can apply fro Siddhartha Capital as well as Biratnagar, Birgunj, Pokhara, Butwal, Nepalgunj, Dhangadi and Surkhet branch of Siddhartha Bank. Moreover, they can apply from all ASBA approved BFIs and meroshare software.
Care Ratings Nepal has assigned BB+ rating to the issue indicating moderate risk.
Currently, the company has a paid-up capital of Rs 706.9 million that will reach Rs 1.76 billion after the IPO.
