The company is issuing 44.9922 percent ordinary shares of its issued capital worth Rs 967.5 million. Accordingly, it will issue 4,353,000 units of ordinary shares worth Rs 435.3 million at a face value of Rs 100. Out of the total offered units, the company allocated 4 percent i.e.l 174,120 units to employees and 5 percent i.e. 217,650 units to mutual funds. Similarly, it issued 435,300 units to foreign migrated workers.
Now, the company is issuing 435,300 units of shares(including 93,961 unsubscribed units from employees’ allocation) to the general public
The issue will close early on June 13 and lately on June 23.
The interested investors can apply for a minimum of 10 and maximum of 500 units of shares.
Informatics Credit Rating Nepal has assigned B+ rating to the issue indicating huge risks.
The company has appointed Mega Capital as issue manager. The investors can apply from C-ASBA approved BFIs and meroshare.
