FPO Issue of Wean Nepal Laghubitta Closing Today; Oversubscribed 391.70 Times So Far

Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) is closing the issue of its 51,292.5 unit FPO shares at a par value of Rs. 100 from today, i.e., 26th Chaitra, 2081. The issue opened on the 21st Chaitra, 2081.

Through this FPO, the company is offering 51,292.5 shares at a par value of Rs. 100 each, aiming to raise Rs. 51.29 lakhs. Nepal SBI Merchant Banking Limited has been appointed as the FPO issuance manager. Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.

According to CDSC, 16,93,859 applications have been applied for a total of 2,00,91,250 units. Thus, the issue has already been oversubscribed 391.70 times so far.

CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of CARE-NP B (Is) assigned to Wean Nepal Laghubitta Bittiya Sanstha (WNLB). Issuers with this rating are deemed to present a high risk of default in meeting financial obligations in Nepal on time.

Closing Notice: