Suryodaya Womi Laghubitta to Issue 46,729.5450 Unit FPO Shares to General Public from Shrawan 4

Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has published an offer letter to issue its Further Public Offering (FPO) to the general public.

The company will be issuing 46,729.5450 unit shares of Rs 100 face value from 4th Shrawan, 2081. The company intends to collect Rs 46.72 lakhs from this FPO. The early closing date of this issue is on 8th Shrawan and if the issue is not fully subscribed, it can be extended up to 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.

Offer Letter: