Muktinath Krishi Company Issuing 140,000 IPO Shares to Nepalese Employed Abroad from Today

Muktinath Krishi Company Limited is opening the IPO issue for Nepalese citizens working abroad from today i.e. on the 10th of Kartik till the 24th of Kartik, 2080. Note that the issue will not be extended from the early closing date for Nepalese citizens working abroad.

The issued capital of the company is Rs. 70 Crores of which 20% i.e. 14,00,000 unit shares worth Rs. 14 Crores will be issued later for the general public. Of this public issue, 10% of the shares totaling 140,000 units shares have been allocated for Nepalese citizens working abroad, the issue of which will open today.

This is the first company from the agriculture sector to issue an IPO.

NIMB Ace Capital is appointed as the issue manager. The minimum application quantity to be applied is 10 units and the maximum quantity is 1,000 units.

ICRA Nepal has reaffirmed the issuer rating of Muktinath Krishi Company Limited at [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B minus). Issuers with this rating are considered to have a moderate risk of default regarding timely servicing of financial obligations

Muktinath Krishi Company is an associate company of Muktinath Bikash Bank, the first public agricultural company established in 2075 with the aim of playing a managerial role in the overall agricultural value chain through the "Krishak sanga Muktinath" and "Upabhoktaa sanga Muktinath" campaigns, with the goal of improving Nepal's agricultural economy. The company is providing goods and services in more than 70 districts throughout the country, more than 200 distribution channels, and Agricultural Resource centers.

Opening Notice