Kathmandu. United Ajod Insurance has extended the deadline to apply for the right shares.

The company has issued 10 percent right shares from April 10. Applications can now be submitted till May 31.

The company is issuing 23,10,000 units right shares worth Rs 23.10 crore.

The company has closed the book for the issue of right shares on March 30. Shareholders can apply till February 28.

Laxmi Sunrise Capital has been appointed as the issue manager for the IPO issuance. The interested bidders can apply for the right shares from Laxmi Sunrise Bank, Securities Board of Nepal (SEBON) and Laxmi Sunrise Bank.

Presently, the company has paid-up capital of Rs 2.31 billion. After the right issuance, the issue will be worth Rs 2.54 billion.