SEBON Approves FPO Shares of Samata Gharelu Laghubitta; Company to Issue 3.32 Lakh Unit Shares

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

SMATA is coming out with 3,32,856 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. 3,32,85,600 for the company. The current paid-up capital of the company is Rs. 56,40,06,300 which will increase to Rs. 59.72 Crore after the issuance of mentioned FPO shares.

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