Kathmandu. The additional public offering (FPO) of Win Nepal Laghubitta Financial Institution is going to be distributed on Sunday.
The FPO of Win Nepal Laghubitta will be allotted at the office of Nepal SBI Merchant Banking. Arun Shrestha, information officer of Nepal SBI Merchant, informed that the fpo allocation program will be held at 8 am.
Bin Nepal Laghubitta had opened the IPO sale from March 28 to April 15. The company issued a total of 51,292.5 units of shares at a face value of Rs 100 each.
According to the cdsc’s last day data, a total of 23,384,520 units of shares have been applied from 1,974,709 applicants in this FPO.
This FPO has received 455.91 times more applications than the demand. This FPO will be distributed through the system as there are more applicants than the demand. Only 5,000 applicants will get 10 units of shares.
At present, the paid-up capital of Bin Nepal Microfinance is Rs 79.21 million. After the sale of the FPO, the paid-up capital of the company will reach Rs 84.34 million, while the share ownership of the general public will be 30 percent.
