Mirmire Laghubitta To Issue FPO To The General Public

July 8, 2020 | Investopaper

Mirmire Laghubitta Bittiya Sanstha Limited is planning to issue Follow-on Public Offering (FPO). The company has appointed Nepal SBI Merchant Banking Limited as the issue manager for the FPO.

Mirmire Laghubitta has signed an agreement with Nepal SBI Merchant Banking Limited to issue 37,260 shares in the FPO.

You May Also Like: How to apply IPO/FPO/Right Share through Mero Share?

Roshni Bharti, Managing Director and Chief Executive Officer of Nepal SBI Merchant Banking Limited and Rajendra Prasad Neupane, Chief Executive Officer of Mirmire Microfinance Financial Institution Ltd. signed the agreement for the issue of shares through FPO.

Now, the company need to submit the application to the Securities Board of Nepal (SEBON). If SEBON approves, Mirmire Laghubitta can float the FPO to the general public.

Related: Upcoming Initial Public Offerings (IPO) In Nepal

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.

Read Related Contents:

How To View IPO/FPO Result In Meroshare?

Share This Via:


Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!