Nepal Lube Oil to Issue 1:2 Right Share | Submits Application to SEBON
April 13, 2025 | Investopaper
Nepal Lube Oil Limited (NLO) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:2. This means that the shareholders with 100 shares can apply for the additional 200 shares.
For this purpose, the company has submitted an application to the Securities Board of Nepal (SEBON) on Chaitra 27, 2081 BS seeking approval to issue the shares. Only after the approval from the regulatory body SEBON, the company can float the shares to the public.
As of Poush’s end 2081 BS, Nepal Lube Oil has a paid up capital of Rs. 7.29 crores. Hence, the company has plans to sell right shares worth Rs. 14.58 crores. After the right issue, the paid-up capital will reach Rs. 21.87 crores.
NIMB Ace Capital is the issue and sales manager for the right offering.
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