The company is issuing 10 percent of its issued capital worth Rs 1.67 billion. Accordingly, it will issue 1,674,000 units of shares having a face value of Rs 100 that amounts to Rs 167.4 million.
Out of the total offered units, the company has allocated 167,400 to foreign migrated workers and 83,700 to mutual funds and 66,960 to employees. The general public will be issued the remaining 1,355,940 units of shares.
The company will issue the IPO to foreign migrated workers from April 4 to April 18. Similarly, the company will issue the IPO to the general public from May 8-11. Undersubscribtion of the issue will extend the deadline till May 22.
Interested investors can apply for a minimum of 10 and maximum of 2,000 units of shares.
Care Rating Nepal has assigned BB+ rating to the issue indicating average risks.
The company has appointed Global IME Capital as its issue manager. Investors can apply from all C-ASBA approved BFIs and meroshare.
