Samata Gharelu Laghubitta's FPO Allotment To Be Concluded On Friday; 35,090 Applicants To Get 10 Units Each
Thu, Nov 14, 2024 9:15 AM on Latest, IPO/FPO Result News,
The FPO allotment of Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) will occur on Friday, i.e. on 30th 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 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: 30.52 ratio. The current paid-up capital of the company is Rs. 56.40 Crores.
According to data presented by CDSC, the issue has received approximately 14,34,389 applications till the closing day.
Looking at the data, it is apparent that only 35,090 lucky applicants will get ownership of the company.
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.