National Laghubitta to Sell 6,69,900 Shares in FPO
July 19, 2024 | Investopaper
National Laghubitta Bittiya Sanstha Limited (NMFBS) is planning to issue the Follow-on Public Offering (FPO). For this purpose, the company has appointed RBB Merchant Banking Limited as the issue and sales manager.
Now, the company has to submit the application to the Securities Board of Nepal (SEBON) seeking permission for public issuance. If SEBON provides the approval, only then the company can float the shares to the general public.
The company is going to sell 6,69,900 shares in FPO.
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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