Kisan Laghubitta To Float 12,98,259 Shares In FPO

July 25, 2021 | Investopaper

Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) is planning to sell 12,98,259 shares through Follow-On Public Offering (FPO). For this, the company has submitted an application on Ashad 29, 2078 BS to Securities Board Of Nepal (SEBON).

The company will float the shares at a Rs 125 i.e. Rs 25 premium over the face value of Rs 100. To issue the shares at the premium price, the company needs approval from the Securities Board (SEBON).

The company has signed an agreement with Muktinath Capital Limited for the FPO issue.

At current, Kisan Laghubitta has a paid-up capital of Rs 39.28 crores. Earlier, the company had issued 15.71 lakh shares to the public and is about to sell another 13 lakh shares through FPO.

The promoters hold a 60 percent share in the company while the general public possesses a 40 percent ownership.

Previously, Kisan Laghubitta successfully merged with NRN Laghubitta and Divya Laghubitta and started a joint operation from Ashad 29, 2077 BS.


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