Mahuli Laghubitta to Sell 475,449 Shares in FPO | SEBON Gives Permission
December 4, 2024 | Investopaper
Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) is planning to issue the Follow-on Public Offering (FPO). For this purpose, Securities Board of Nepal (SEBON) has given permission to the company on Mangsir 17, 2081 BS.
The company had submitted the application to the board on Bhadra 24, 2080 BS seeking approval to float the FPO.
Now, after the approval from SEBON, the company plans to sell 475,449.15 shares at Rs. 100 per share in the FPO. Hence, the total public issue amounts to Rs. 4.75 crores.
The company has already appointed Sunrise Limited as the issue manager for the FPO. An agreement has been reached between these two companies in this regard.
As of Ashad’s end 2081 BS, Mahuli Laghubitta has a paid-up capital of Rs 32.23 crores.
What Is FPO?
FPO (Follow-On Public Offering) is the process of issuing shares to the public by the company already listed on the stock exchange. If the company issues shares to the public for the first time, it is IPO (Initial Public Offering). FPO is any additional issue of shares by the company after IPO.
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