Unique Nepal Laghubitta Closing FPO On Jestha 17
May 31, 2023 | Investopaper
Unique Nepal Laghubitta Bittiya Sanstha Limited is currently issuing the shares in the Follow-on Public Offering (FPO). The company is selling 379,425 shares in FPO from Jestha 11, 2080 BS. At a price of Rs. 100 per share, the public offering amounts to Rs. 3.79 crores.
The FPO will close on Jestha 17, 2080 BS. Previously, the issue was set to close on Jestha 16, 2080 BS. However, due to national holiday on the occasion of the republic day, the deadline for application was extended.
One can apply for a minimum of 10 shares and a maximum of 1,000 units.
Securities Board of Nepal (SEBON) has 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 is 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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