Wean Nepal Laghubitta Opening 51,292.5 Units FPO Shares Issue to General Public From Today
Thu, Apr 3, 2025 7:38 AM on IPO/FPO News, Latest,
Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) has commenced the issuance of its 51,292.5 FPO shares at a face value of Rs. 100, starting today, i.e., 21st Chaitra, 2081. The early closing date for this offering is set for the 26th Chaitra, 2081. However, the deadline may be extended until Baishakh 4, 2082 if it remains under-subscribed.
Through this FPO, the company is offering 51,292.5 shares at a par value of Rs. 100 each, aiming to raise Rs. 51.29 lakhs. Nepal SBI Merchant Banking Limited has been appointed as the FPO issuance manager. Applications can be placed for a minimum of 10 units and a maximum of 1,000 units.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of CARE-NP B (Is) assigned to Wean Nepal Laghubitta Bittiya Sanstha (WNLB). Issuers with this rating are deemed to present a high risk of default in meeting financial obligations in Nepal on time.
