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 issued 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. In the issue, only 134,520 units were subscribed.
Similarly, it issued and allotted 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,
Now, in the second phase, the company is issuing 9,732,544 units of shares at Rs 237.58 including a face value of Rs 100 and premium of Rs 137.58 to the general public.
Interested investors can apply for a minimum of 10 and a maximum of 1.5 million units of shares. The issue will close early on October 4 and lately on October 15.
Informetric 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 investors can apply from all C-ASBA-approved BFIs and Meroshare.
