The company is issuing the IPO to locals of affected area and foreign migrated workers of Nepal from November 30.
The company will issue 2 percent ordinary shares of its issued capital worth Rs 600 million to the locals. Based on this, a total of 120,000 units of shares will be issued to the locals. Similarly, it will issue 18 percent of issued capital i.e. 108,000 units worth Rs 106 million to the foreign migrated workers.
The interested investors can apply for a minimum of 10 and maximum of 4,990 units for locals and 10,800 units for foreign migrant workers.
The deadline of the IPO 14, however, upon undersubscription, the locals of affected area can apply till December 29.
Care Ratings has assigned BB+ rating to the issue indicating moderate risks.
The company has appointed Nabil Investment as its issue manager. The local investors can apply from the issue manager, office of Kalinchowk Darshan and Dolakha branch of Mega Bank and Century Bank. Moreover, they can apply through the link https://localipo.nabilinvest.com.np . In the meantime, the foreign migrated workers can apply from all C-ASBA approved BFIs.
