Vision Lumbini has opened the IPO sale of 2,075,285 shares. The sale has been open to the general public since Thursday, Kartik 16.
The company had previously released IPOs for locals and those working abroad in the first phase. The company has now released a total of 2,075,285 shares for the general public, including an additional 487,910 shares that were not applied for by locals in the affected area.
The company has announced that applications can be submitted until Kartik 20, and if all shares are not sold by then, the deadline will be extended until Mangsir 1. Investors can apply for a minimum of 10 shares and a maximum of 380,000 shares.
The sale is being managed by Muktinath Capital Limited, and the IPO has been rated as ‘IRN Double B minus issuer’ by Rating Agency Nepal, indicating an average level of financial risk for the company.