Mahuli Laghubitta to Sell 475,449 Shares in FPO | Submits Application to SEBON

September 22, 2023 | Investopaper

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) is planning to issue the Follow-on Public Offering (FPO). For this purpose, the company has submitted the application to the Securities Board of Nepal (SEBON) on Bhadra 24, 2080 BS. If SEBON provides the approval, only then the company can float the shares to the public.

The company plans to sell 475,449 shares at Rs. 100 per share in the FPO.

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 2080 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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