Suryodaya Womi Laghubitta Opening 46,729.5450 Units FPO Shares Issue to General Public From Today
Fri, Jul 19, 2024 6:08 AM on IPO/FPO News, Latest,
Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) is opening the issue of its 46,729.5450 unit FPO shares at a par value of Rs. 100 from today i.e. 4th Shrawan, 2081. The early closing date of this issue is on the 8th Shrawan and if the issue is not fully subscribed, it can be extended up to the 18th Shrawan, 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 46,729.5450 units of FPO shares to the general public. At present, the promoter: public share structure is a 70.36: 29.64 ratio, which after this FPO will be a 70: 30 ratio. The current paid-up capital of the company is Rs. 91.07 Crores.
Kumari Capital Limited has been appointed as the issue manager for the FPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 1000 units.
CARE Ratings Nepal Limited (CRNL) has assigned the rating of ‘CARE-NP BB (Is)’ to Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF). Issuers with this rating are considered to offer the moderate risk of default regarding the timely servicing of financial obligations, in Nepal.
