The company obtained approval to issue 12.50 percent ordinary shares of its issued capital of Rs 1.17 billion. Accordingly it is issuing 2,925,000 units of shares worth Rs 146.2 million at a face value of Rs 50 per unit.
Out of total offered units, the company already issued 292,500 units of shares worth Rs 14.6 million to foreign migrated workers in the first phase.
Moreover, the company allocated 58,500 units to employees and 146,250 units to the mutual funds. Now the company is issuing the remaining 2,427,750 units of shares worth Rs 121.3 million to the general public.
Interested investors can apply for a minimum of 20 and maximum of 100,000 units divisible by 20. The issue will close early on September 11 and lately on September 21.
The company has appointed Global IME Capital as issue manager. Interested investors can apply from all C-ASBA approved BFIs and Meroshare.
