KATHMANDU, April 20: A Further Public Offering (FPO) of Wean Nepal Laghubitta Bittiya Sanstha Ltd has been allotted.
The issue manager, SBI Merchant Banking, conducted the allotment during an official program. A total of 5,129 applicants have been allotted shares from the FPO.
Wean Nepal Laghubitta Bittiya’s FPO to open from April 3
Out of the total allotments, 2 applicants received 11 shares each, one applicant received 10.5 shares, and the remaining applicants received 10 shares each.
The company had issued 51,292.50 shares to the general public at a face value of Rs 100 per share. A total of 1.92 million applications were approved, out of which 1.915 million applicants did not receive any shares. This means 99.7 percent of the approved applicants were left empty-handed.
The allotment results will be available shortly on the CDS and Clearing Limited website. Wean Nepal Laghubitta issued the FPO to maintain a minimum of 30 percent public shareholding, as required.
