The company obtained approval to issue 1,375,000 units of shares which is 10 percent of issued capital to the general public.
Out of it, it will issue 10 percent i.e. 137,500 units of shares worth Rs 13.7 million to the foreign migrated workers in the first phase.
Interested investors can apply for a minimum of 10 and maxium of 50,000 units of shares. The issue will close on November 10.
The company has appointed Himalayan Capital as issue manager. The investors can apply from all C-ASBA approved BFIs and Meroshare.
Informerics Credit Rating has assigned BB rating to the issuer indicating moderate risks.
