SEBON Approves FPO Shares of Mahuli Laghubitta; Company to Issue 4.75 Lakh Unit Shares

The Securities Board of Nepal (SEBON) has approved the Further Public Offering (FPO) of Mahuli Laghubitta Bittiya Sanstha Limited (MSLB).

MSLB is coming out with 475,449.15 units of FPO shares. Like an IPO, the general public can apply for the shares at a par value of Rs. 100 per share which will raise Rs. 47,544,915 for the company. The current paid-up capital of the company is Rs. 322,378,700 which will increase to Rs. 36.99 Crore after the issuance of the mentioned FPO shares.

Laxmi Sunrise Capital Limited has been appointed as the issue manager of the FPO.