FPO Allotment of Swarojgar Laghubitta Concludes; 19,577 Applicants Out Of 17,77,793 Gets 10 And 11 Units

On Chaitra 01, Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) completed the allocation process for its Follow-on Public Offering (FPO). The distribution took place at NMB Capital, the appointed issue and sales manager.

The microfinance institution had issued a total of 1,95,773 shares in the FPO, with each share priced at a nominal value of NPR 100, totaling NPR 1,95,77,300. The offering was open from Falgun 18 to 21, 2081.

The FPO witnessed an overwhelming response, with 17,80,457 applicants submitting applications for a total of 21,715,750 shares, far exceeding the number of shares available. As a result, 1,777,793 applications were approved, while 2,664 applications were canceled due to discrepancies or other issues.

Due to the overwhelming demand, the allocation process was carried out via a lottery system by the guidelines. As a result, 19,577 lucky applicants were granted between 10 and 11 units of shares.

This successful FPO marks a significant milestone for Swarojgar Laghubitta Bittiya Sanstha as it continues to expand its shareholder base and solidify its presence in the Nepali financial sector.

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