The company started issuing the IPO at premium rate to foreign migrated workers of Nepal from July 12.
The company is issuing an ordinary shares at Rs 257 per unit including face value of Rs 100 and premium of Rs 157.
The company will issue 30 percent of its issued capital i.e. 12 million units of shares worth Rs 1.20 billion to the general public. Out of which it is issuing 10 percent i.e. 1.2 million units to foreign migrated workers. Similalry, the company will issue 5 percent of total offered units to mutual funds and 5 percent to employees at Rs 100 per unit. The remaining 9.3 million units of shares will be issued to the public.
Interested investors can apply for a minimum of 10 and maximum of 5,400 units of shares.
Care Ratings has assigned BBB rating to the issuer indicating moderate risks.
The company has appointed Civil Capital Market as issue manager. They can apply from all ASBA approved BFIs and Meroshare.
