The company is issuing 32.10 percent ordinary shares of its issued capital of Rs 103.1 million.
It is issuing 331,000 units of ordinary shares worth Rs 33.1 million to the general public.
Out of the 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 fund. 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 interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares.
For this, the company has appointed Sunrise Capital as its issue manager. The interested applicants can apply from all C-ASBA approved BFIs and meroshare.
Care ratings have assigned BB- rating to the issue indicating moderate risks.
Right now, the company has a paid-up capital of Rs 70 million that will reach Rs 103.1 million after the IPO issue.
