Kathmandu. Today is the last day to apply for the FPO, which has been open for sale from January 21. The microfinance company has issued an FPO to maintain 70:30 share ownership of the 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 reached Rs 5,040,359 and the promoter and general group owned 74.39:25.61. Adjustment Laghubitta has issued 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 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.
