The company is issuing an ordinary share at Rs 257 per unit including face value of Rs 100 and premium of Rs 157.
The company is issuing 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 has already issued and allotted 10 percent i.e. 1.2 million units to foreign migrated workers. Similarly, the company issued 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 are now being issued to the public.
The issue will close early on August 11 and lately on September 12. 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 C-ASBA approved BFIs and Meroshare.
