Suryodoya Womi Laghubitta Starts Issuing FPO from Today

Jul 19, 2024 07:47 AM Merolagani



Suryodoya Womi Laghubitta Bittiya Sanstha (SWMF) has started issuing further public offering (FPO) from today, July 19.

The company is issuing the FPO in order to meet 30 percent minimum ordinary shares of issued capital as per the BAFIA Act 2073 and NRB direction during merger/acquisition.

The joint entity of former Suryodaya Laghubitta and Womi Laghubitta has 70.36 percent promoter and 29.64 percent ordinary share ratio. The company is issuing the FPO to maintain the required share ratio.

The company is issuing 46,729.5450 units of shares worth Rs 4.6 million at a face value of Rs 100 per unit. The deadline for the issue is July 23 with possible extension till August 2.

Interested investors can apply for a minimum of 10 and maximum of 1,000 units of shares.

Care Rating Nepal has assigned BB rating to the issue indicating moderate risks.

The company has appointed Kumari Capital as issue manager. Investors can apply from all C-ASBA approved BFIs and Meroshare.

Currently, the company has a paid-up capital of Rs 910.7 million which will reach Rs 915.4 million after FPO issue.




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