Kathmandu, February 23
NESDO Samridha Laghubitta Bittiya Sanstha has started issuing an initial public offering (IPO) worth Rs 82.8 million from today, February 23.
The company is issuing 828,750 units of primary shares at a face value of Rs 100. Out of the total offered units, the company has allocated 0.5 percent i.e. 12,750 units to the employees and 5 percent i.e. 41,737 units of general public quota to mutual funds. The general investors can apply for the remaining 774,563 units of shares.
The issue will close early on February 27 and lately on March 9.
The company has appointed Global IME Capital as the issue manager for the issue. The interested investors can apply for a minimum of 10 and a maximum of 1,000 units of shares. The investors can apply from CASBA approved BFIs and meroshare.
ICRA Nepal has assigned BB rating to the issue indicating moderate risk.
Currently, the company has paid-up capital of Rs 172.1 million that will reach Rs 255 million after the issue.