WEAN Nepal Laghubitta Closing FPO from Chaitra 26
April 8, 2025 | Investopaper
WEAN Nepal Laghubitta Bittiya Sanstha Limited (WNLB) is currently issuing the Follow-on Public Offering (FPO). The company is selling 51,293 shares at Rs. 100 in the FPO from Chaitra 21, 2081 BS. Hence, the public offering amounts to Rs. 51.29 lakhs.
Due to over-subscription of shares, the FPO will close on Chaitra 26, 2081 BS.
Interested investors can apply for a minimum of 10 shares and maximum of 1,000 shares.
For this purpose, Securities Board of Nepal (SEBON) has given the permission to the company on Magh 30, 2081 BS.
Nepal SBI Merchant Banking Limited is the issue manager for the FPO. An agreement was reached between these two companies in this regard. Dev Raj Adhikhari, CEO of Nepal SBI Merchant Banking and Basanta Bahadur Shakya, CEO of WEAN Nepal Laghubitta inked the agreement.
WEAN Laghubitta and Nepal Seva Laghubitta merged to form ‘WEAN Nepal Laghubitta Bittiya Sanstha Limited’ and commenced joint operation from Karthik 15, 2078 BS. In order to maintain the shareholding ratio at 70:30 (promoter-public), the company has decided the issue the FPO.
As of Falgun’s end 2081 BS, the company has a paid-up capital of Rs 7.92 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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