FPO Allotment of Samata Gharelu Laghubitta Concludes; 35,090 Applicants Out Of 13,47,513 Gets 10 Units

The FPO allotment of Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) is concluded today at the premises of Muktinath Capital Limited, Narayanchaur, Kathmandu.

Samata Gharelu Laghubitta had issued 3,50,904.25 units worth Rs 3.50 Crore as a Further Public Offering (FPO) to the general public (Kartik 12- 20, 2081).

The current paid-up capital of the company is Rs. 56.40 crores, of which 73.80% of shares belong to the promoter shareholders, while 26.20% are held by public shareholders. However, as per the Banks and Financial Institutions Act of 2073 and the NRB, at least 30% of the issued capital must be retained by public shareholders. To meet this requirement, the company will be issuing 3,50,904.25 units of FPO shares to the general public, which will adjust the promoter: public shareholding ratio to 69.48: 30.52.

The issue had received applications from 13,47,513 valid applicants who had applied for a total of  1,96,68,220 units. The issue was oversubscribed by more than 56.12 times.

As per the allotment module, a total of 35,090 lucky applicants were allotted 10 units each via lottery, 4 applicants got 1 unit, 1 applicant got 0.25 units and the remaining 13,12,418 applicants were returned with empty hands.

In total 1,399 applicants who applied for 27,960 units were disqualified.

Allotment Module:

The IPO result can be accessed by CDSC IPO Result, MeroShare, and Muktinath Capital Limited.

ICRA Nepal has reaffirmed the BB-@ issuer rating for Samata Gharelu Laghubitta, keeping it under Watch with Negative Implications. This rating indicates a moderate risk of default on financial obligations. The + or - signs show the company's relative position within its rating category. The rating reflects the company’s general creditworthiness, not specific to any debt instrument.