June 8, 2023 | Investopaper
FPO Allotment Of Unique Nepal Laghubitta Bittiya Sanstha Limited
Muktinath Capital Limited, the issue manager for the Follow-on Public Offering (FPO) of Unique Nepal Laghubitta Bittiya Sanstha Limited, has concluded the IPO allotment process on Thursday.
After the allotment, 37,942 applicants have received 10 shares each.
A total of 13,55,687 valid applicants had subscribed for the shares. With the allotment, more than 13.17 lakh applicants were left empty-handed after the allotment.
To view the IPO result of Unique Nepal Laghubitta Bittiya Sanstha Limited, click the link below:
Unique Nepal Laghubitta had sold 379,425 shares in FPO from Jestha 11, 2080 BS. At a price of Rs. 100 per share, the public offering amounted to Rs. 3.79 crores.
The FPO was closed on Jestha 17, 2080 BS.
One could apply for a minimum of 10 shares and a maximum of 1,000 units.
Securities Board of Nepal (SEBON) had given the approval to the company on Baisakh 21, 2080 BS. The company had submitted the application to the board on Chaitra 17, 2078 B.S seeking permission for public issuance. Only after the approval from the regulatory body SEBON, the company can float the shares to the general public.
Muktinath Capital Limited was the issue and sales manager for the 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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