October 1, 2021 | Investopaper
Naya Sarathi Laghubitta Bittiya Sanstha Limited (NSLB) is planning to sell 329,649 shares through Follow-On Public Offering (FPO). For this, the company has submitted an application on Bhadra 5, 2078 BS to the regulatory body, Securities Board Of Nepal (SEBON).
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The company will float the shares at a Rs 116 i.e. Rs 16 premium over the face value of Rs 100. Hence, the FPO issue amounts to Rs 3.82 crores. To issue the shares at the premium price, the company needs approval from the Securities Board (SEBON).
The company has signed an agreement with NMB Capital Limited to work as the issue and sales manager for the FPO.
As of Ashad’s end 2078 BS, Naya Sarathi Laghubitta has a paid-up capital of Rs 25.49 crores. In the fiscal year 2077/78, the company posted a net profit of Rs 10.58 crores. [Based on the unaudited Q4 report, FY 2077/78].
Previously, Naya Nepal Laghubitta successfully merged with Sarathi Laghubitta and started a joint operation from Ashwin 5, 2077 BS.