Swarojgar Laghubitta allocates FPO shares to over 19,500 applicants

KATHMANDU, March 14 : Swarojgar Laghubitta Bittiya Sanstha Limited has completed the allotment of its Further Public Offering (FPO). The share issuance and sales manager, NMB Capital, conducted the allotment through a lottery on Friday.

A total of 19,577 applicants received shares, with 19,574 investors securing 10 units each, while three applicants were allotted 11 units. Due to the overwhelming demand, many applicants were left empty-handed.

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Sworojgar Laghubitta had issued 195,773 FPO shares at a face value of Rs 100 per share from March 2 to 5. The offering attracted 1,780,457 applications requesting a total of 21,715,750 shares. However, 2,664 applications were rejected.

Following the FPO issuance, the company's paid-up capital has increased from Rs 671.1 million to Rs 690.68 million.