The company obtained approval to issue 40 percent shares of its issued capital worth Rs 3.07 billion, accordingly, it will issue 12,300,200 units of shares worth Rs 1.23 billion.
Out of which, it is issuing 1,537,525 units of shares to the locals of the affected areas of Dang and Rolpa at Rs 225 including face value of Rs 100 and premium of Rs 125.
Moreover, it is issuing 10 percent of the general public quota i.e. 1,076,268 units of shares to the foreign migrated workers at Rs 237.58 including a face value of Rs 100 and premium of Rs 137.58,
Interested investors can apply for a minimum of 10 and a maximum of 1.5 million units for locals and 1,076,268 units for foreign-migrated workers.
The deadline for locals has been extended till September 12.
Informatics Credit Rating Nepal has assigned BBB- rating to the issuer indicating average risks.
NIBL Ace Capital has been appointed as issue manager by the company. The locals can apply from designated branches of Nepal Investment Mega Bank, Citizens International Bank, Kumari Bank, Shine Resunga Development Bank, Global IME Bank and Prime Commercial Bank.
Meanwhile, foreign migrated workers can apply from all C-ASBA-approved BFIs and Meroshare.
