Samata Gharelu Laghubitta Sanstha 3,50,904.25 Units FPO Shares Issue to General Public From Today
Mon, Oct 28, 2024 9:52 AM on IPO/FPO News, Latest,
Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) is opening the issue of its 3,50,904.25 unit FPO shares from today, 12th Kartik, 2081. The early closing date of this issue is the 20th Kartik, and if the issue is not fully subscribed, it can be extended up to the 26th Kartik, 2081.
According to the Banks and Financial Institutions Act of 2073 and the NRB, at least 30% of the issued capital should be retained by public shareholders in order for the company will be issuing 3,50,904.25 units of FPO shares to the general public. At present, the promoter: public share structure is a 73.80: 26.20 ratio, which after this FPO will be a 69.48: 30.50 ratio. The current paid-up capital of the company is Rs. 56.40 Crores.
Muktinath 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 1000 units.
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.
