SEBON Adds 4.75 Lakh FPO Shares of Mahuli Laghubitta in its Pipeline

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a proposal to SEBON to issue an FPO.

The company wishes to issue a Further Public Offering (FPO) for 475,449 shares to raise Rs. 47,544,915 for the company. Like an IPO, the general public can apply for the shares at a par value of Rs. 100 per share.

Sunrise Capital has been appointed as the issue manager. The application was submitted to SEBON on Bhadra 24.

The current paid-up capital of MSLB is Rs. 32.23 Crores. After the issue of FPO, the paid-up capital will be increased to Rs. 36.99 Crores.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B Minus) to Mahuli Laghubitta Bittiya Sanstha Limited. Issuers with this rating are considered to have a moderate risk of default regarding the timely servicing of financial obligations.