Kathmandu. Bijaya Laghubitta Bittiya Sanstha Limited is going to open the FPO sale from January 7. The microfinance company is issuing an FPO to maintain 70:30 share ownership of promoter general shareholders.
After the merger of the erstwhile new Sarathi Laghubitta Bittiya Sanstha and Bijaya Laghubitta Bittiya Sanstha, the paid-up capital of the company has reached Rs 74,040,359. It was 39:25.61. Adjusted Laghubitta is going to issue FPO in the same ratio.
The microfinance company is issuing 4,66,817 units of ordinary shares at a face value of Rs 4,66,81,700 per share.
Applications for the FPO can be submitted by January 10 at the earliest and applications can be submitted till January 19. Applications can be place for minimum 10 units and maximum 1000 units.
ICRA Nepal has assigned ICRA NP Issue Rating ‘B’ to the microfinance company. This indicates that there is a high risk in terms of meeting the financial obligations during the microfinance period.
NMB Capital Limited has been appointed as the issue manager for the IPO issuance. The interested investors can apply for the ASBA service from the banks and financial institutions participating in the ASBA service through the C-ASBA system. In addition, the interested bidders can also apply online using ‘Mero Share’ software developed by CDS and Clearing Limited through C-ASBA system.
