Swarojgar Laghubitta Bittiya Sanstha Limited has officially launched its Further Public Offering (FPO) today, issuing shares worth Rs 19,577,300.
The microfinance institution has set the application deadline for Falgun 21, with an extension available until Chaitra 3 if all shares remain unsubscribed. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
A total of 195,773 shares are available for public purchase, each priced at a face value of Rs 100. This issuance aligns with Section 9 of the Banking and Financial Institutions Act, 2073, ensuring that 30% of the institution’s capital structure remains allocated to the general public.
Interested applicants can subscribe to the shares via C-ASBA-approved banks, financial institutions, and the Mero Share platform. NMB Capital has been designated as the issue and sales manager for the FPO.
In terms of credit evaluation, ICRA Nepal has assigned an ‘ICRA Issuer Rating Double B Minus’ to this FPO, indicating a moderate level of security in fulfilling financial obligations. This rating, issued on Shrawan 14, 2081, will remain valid until Shrawan 13, 2082.
