SEBON Approves FPO Shares of Wean Nepal Laghubitta; Company to Issue 51,292.50 Unit Shares

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

WNLB is coming out with 51,292.50 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. 51.29 lakhs for the company. The current paid-up capital of the company is Rs. 7.92 Crores which will increase to Rs. 8.43 Crore after the issuance of the mentioned FPO shares.

Nepal SBI Merchant Banking Limited has been appointed as the issue manager of the FPO.