The company is issuing 554,000 units of shares including 104,000 units of shares issued to the locals of affected area. Out of the total offered units, the company has allotted 5 percent to mutual funds and 2 percent to the employees. The general public can apply for the remaining 515,220 units.
The issue will close early on December 12 and lately on December 21.
The interested investors can apply for a minimum of 10 and maximum of 10,000 units from all C-ASBA approved BFIs and meroshare website and app.
The company has appointed NIBL Ace Capital as its issue manager.
ICRA Nepal has assigned B- rating to the issue indicating high risk.
