The company obtained approval to issue 1,452,000 units of shares worth Rs 145.2 million which is 20 percent of its issued capital of Rs 726 million.
Out of the approved units, the company is issuing 10 percent i.e. 145,200 units of shares worth Rs 14.5 million to the foreign migrated workers.
The interested investors can apply for a minimum of 10 and maximum of 7,000 units of shares by August 17. If the issue goes undersubscribed, the deadline will be extended till August 27.
Informetric Credit Rating Nepal has assigned B+ rating to the issuer indicating high risks.
The company has appointed Muktinath Capital as issue manager. the investors can apply from all C-ASBA approved BFIs and Meroshare.
