Vijaya Laghubitta to Sell 466,817 Shares in FPO
December 8, 2024 | Investopaper
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) is planning to issue the Follow-on Public Offering (FPO). For this purpose, the company has submitted the application to the Securities Board of Nepal (SEBON) on Ashwin 23, 2081 BS seeking permission for public issuance. If SEBON provides the approval, only then the company can float the shares to the general public.
The company is going to sell 466,817 shares in FPO. At a par value of Rs. 100, the total public issue amounts to Rs. 4.66 crores.
The company has appointed NMB Capital Limited as the issue and sales manager for the public offering.
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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