FPO Allotment of Suryodaya Womi Laghubitta Concluded [FPO Result !!]
July 31, 2024 | Investopaper
FPO Allotment Of Suryodaya Womi Laghubitta Bittiya Sanstha Limited
Kumari Capital Limited, the issue manager for the Follow-on Public Offering (FPO) of Suryodaya Womi Laghubitta Bittiya Sanstha Limited, has concluded the FPO allotment process on Wednesday.
After the allotment, 4,672 applicants have received 10 shares each. Nine applicants received one additional share.
A total of 15,63,322 valid applicants had subscribed for the shares. With the allotment, more than 15.59 lakh applicants were left empty-handed.
To view the FPO result of Suryodaya Womi Laghubitta Bittiya Sanstha Limited, click the link below:
FPO Result Of Suryodaya Womi Laghubitta Bittiya Sanstha Limited
FPO To General Public
Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) had sold 46,729.545 shares in FPO. At a par value of Rs. 100, the FPO amounted to Rs. 46.73 lakhs.
The FPO was open from Shrawan 4, 2081 BS. Due to over-subscription of shares, the public offering was closed on Shrawan 8, 2081 BS.
One could apply for a minimum of 10 shares and a maximum of 1,000 shares.
For this purpose, Securities Board of Nepal (SEBON) had given the permission to the company on Ashad 23, 2081 BS. The company had submitted the application to the board on Bhadra 18, 2080 BS.
Kumari Capital Limited was the issue and sales manager for the FPO.
Suryodaya Laghubitta and Womi Laghubitta merged in the share swap ratio of 1:1 and commenced joint operation from Chaitra 19, 2078 BS in the name of ‘Suryodaya Womi Laghubitta Bittiya Sanstha Limited’. In order to maintain the shareholding ratio at 70:30 (promoter-public), the company has decided to issue the FPO.
As of Ashad’s end 2081 BS, the company has a paid-up capital of Rs 91.07 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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