Meanwhile, the company has extended the deadline for locals of affected area till March 30.
The company is issuing 10 percent of its issued capital of worth Rs 290 million to the locals of affected area from March 9. Accordingly, it will issue 2.9 million units of shares to locals of the affected area of Kushma Municipality-3, Modi Rural Municipality 5, Modi Municipality 2, Modi Rurual Municipality 6 and Kusma Municpality-8.
Similarly, it is issuing 10 percent of the general public quota i.e. 435,000 units to foreign migrated workers. The company has allotted 217,500 units to mutual funds and 87,000 units to employees.
Interested investors can apply for a minimum of 10 and maximum of 1,000 for locals and 100,000 units for foreign migrated workers.
Infomerics Credit Ratings Nepal has assigned BB rating to tihe issue indicating moderate risks.
The company has appointed Sunrise capital as its issue manager. The locals of affected area can apply from designated branches of Sunrise bank, Nepal Investment Mega Bank, NIC Asia Bank and Kumari Bank by paying Rs 2 per form. Moreover, they can apply from all C-ASBA approved BFIs.
Similarly, the foreign migrated workers can apply from all C-ASBA approved BFIs.
