FPO Issue of Swarojgar Laghubitta Bittiya Sanstha Closing Today; Oversubscribed 96.73 Times So Far

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is closing the issue of its 1,95,773 unit FPO shares at a par value of Rs. 100 from today i.e. 21st Falgun, 2081. The issue opened on the 18th Falgun, 2081.

Through this FPO, the company is offering 1,95,773 shares at a par value of Rs. 100 each, aiming to raise Rs. 1.95 Crores. NMB Capital Limited has been appointed as the issue manager for the FPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.

According to CDSC, 15,04,455 applications have been applied for a total of 1,89,37,160 units. Thus, the issue has already been oversubscribed 96.73 times so far.

ICRA Nepal has assigned Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) an issuer rating of [ICRANP-IR] BB- and placed it on Watch with Negative Implications. This rating indicates a moderate risk of default in meeting financial obligations. The BB- rating suggests SLBBL's relative position within its category, but it does not apply to any specific debt instrument.