Nepal Republic Media Ltd, the publisher of Nagarik Daily, has issued initial public offerings (IPO) for the general public effective from today.
Subscribers can apply for minimum 10 units of shares to maximum up to 500 units for Rs 100 per share until June 13 starting today.
The company had got permission to issue 44.99 percent of its issued capital or 4,353,000 units of shares worth Rs 435,300,000.
Similarly, the company has allocated 3,619,891 shares for the general public.
Infomerics Credit Rating Nepal Ltd has assigned the issuer rating of IRN B +. Issuers with this rating are considered to have the high risk of default regarding timely servicing of financial obligations.
Mega Capital Markets Limited is the issue manager of the company.
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