FPO Allotment of Unnati Sahakarya Laghubitta Concluded [FPO Result !!]
November 24, 2023 | Investopaper
FPO Allotment Of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited
Siddhartha Capital Limited, the issue manager for the Follow-on Public Offering (FPO) of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited, has concluded the FPO allotment process on Thursday.
After the allotment, 17,845 applicants have received 10 shares each. One applicant received one additional share.
A total of 10,72,433 valid applicants had subscribed for the shares. With the allotment, more than 10.54 lakh applicants were left empty-handed.
To view the FPO result of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited, click the link below:
FPO Result Of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited
FPO To General Public
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) had sold 178,451 shares in FPO at a price of Rs. 100 per share. Hence, the FPO amounted to Rs 2.83 crores.
The FPO was open from Karthik 21, 2080 BS. Due to over-subscription of shares, the public offering was closed on Karthik 24, 2080 BS.
Interested investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
For this purpose, Securities Board of Nepal (SEBON) had given permission to the company on Ashwin 26, 2080 BS. The company had submitted the application to the board on Chaitra 25, 2078 B.S seeking permission for public issuance. Only after the approval from SEBON, the company can float the shares to the general public.
Siddhartha Capital Limited is the issue and sales manager for the FPO.
Unnati Laghubitta and Sahakarya Laghubitta merged to form ‘Unnati Sahakarya Laghubitta Bittiya Sanstha Limited’. Both the company started the joint operation from Ashad 26, 2077 BS.
At present, the company has a paid-up capital of Rs 22.90 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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