Today Is The Last Day To Apply For Nepal Warehousing Company's IPO Issue

As of today, or the 13th of March, Nepal Warehousing Company Limited is closing the issuance of 11,41,250 units of IPO shares at a par value of Rs. 100. The issue was made available to the public on Mangsir 10, 2080.

Of the 13,75,000 units, 10%, or 1,37,500, have already been given to Nepalese nationals employed abroad. The remaining 2%, or 27,500, have been reserved for the company's staff, and 5%, or 68,750, of the total shares offered, have been set aside for mutual funds. The public may purchase the remaining 11,41,250 units; the sale of these will end today.

The issue manager has been designated as Himalayan Capital Limited. A minimum of 10 units and a maximum of 50,000 units may be applied for.

10,55,638 applicants have applied for a total of 1,14,53,940 units worth Rs. 1.14 Arba, according to CDSC. As a result, the issue has already received 10.03 times its initial subscription.

Nepal Warehousing Company Limited's issuer rating of [ICRANP-IR] BB-—pronounced ICRA NP issuer rating double B minus—has been reaffirmed by ICRA Nepal. This rating indicates that issuers have a moderate risk of not meeting their financial obligations on time.