The company had allocated 15 percent of its issued capital of worth Rs 2.90 billion which is 1,350,000 units of shares to the general public. Out of which, it allotted 435,000 to foreign migrated workers of Nepal, 217,500 to mutual funds and 87,000 to employees.
The general public can apply for 5,995,420 units including the remaining and unsubscribed 2,095,610 units from the issue issued to locals of affected area.
Interested investors can apply for a minimum of 10 and maximum of 100,000 units of shares.
The issue will close early on May 7 and lately on May 16.
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 investors can apply from all C-ASBA approved BFIs and meroshare.
