Samata Gharelu Laghubitta to Issue 3,50,904.25 Unit FPO Shares to General Public from Kartik 12

Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) has published an offer letter to issue its Further Public Offering (FPO) to the general public.

The company will be issuing 3,50,904.25 unit shares of Rs 100 face value from 12th Kartik, 2081. The company intends to collect Rs 3.50 Crores from this FPO. The early closing date of this issue is on 20th Kartik and if the issue is not fully subscribed, it can be extended up to 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.

Offer Letter: