Muktinath Agriculture Company is going to open an IPO. The company will open the IPO sale for the general public from Mangsir 8. The company had obtained permission to issue shares worth Rs. 14 crore, which is 20% of the total fund of Rs. 70 crore, from the Nepal Stock Exchange Board.
In the first phase, the company has allocated 140,000 shares at a face value of Rs. 100 per share for Nepalis working abroad. In addition, 42,000 shares have been allocated to employees and 70,000 shares to the collective investment fund.
The remaining 11,48,000 shares will be issued for the general public to apply for from Mangsir 12. If all the shares are not sold by then, investors can apply until March 22. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares. Investors can apply for shares through C-ASBA, banks, financial institutions, and mero share.
The rating agency ICRA Nepal has given this IPO a ‘ICRANP IPO Double B minus rating’, indicating a medium-risk capacity for the company’s responsibility. The company’s share issuance and sales management are being handled by NIBL Ace Capital Limited.