KATHMANDU, Feb 2: Swarojgar Laghubitta Bittiya Sanstha Ltd has opened a follow-on public offer (FPO) sale starting Sunday.
The company has issued 195,773 shares at a face value of Rs 100, worth Rs 19.57 million to the public. Investors can apply for the shares till March 5. If applications for all units are not received within that period, the issuance period will be extended until March 16.
NESDO Sambridha Laghubitta Bittiya Sanstha IPO opens
Applications can be submitted for a minimum of 10 and a maximum of 1,000 shares.
The company has received a BB minus rating from ICRA Nepal Limited (ICRA Nepal). Applications can be made through the online system MeroShare, according to the sales manager of NMB Capital.
According to the unaudited financial statements as of mid-January, the company's net worth per share is Rs 164, and annual earnings per share is Rs 26.23.
