Last day to apply for FPO of Unique Nepal Laghubitta

May 31, 2023 08:56 AM Merolagani

Today is the last day to apply for further public offering (FPO) of Unique Nepal Laghubitta Bittiya Sanstha (UNLB).

The company is issuing 379,425 units of ordinary shares worth Rs 37.9 million at a face value of Rs 100 from May 25.. The joint entity of former Unique Nepal and Ghodighoda Laghubitta has share structure of 94.01:5.99 of promoter and ordinary shareholders. As per the direction given by NRB during merger approval and Banks and Financial Act 2073, the company is issuing the FPO.

Interested investors can apply for a minimum of 10 and maximum of 100 units of shares.

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

Care Ratings Nepal has assigned B+ rating to the issue indicating high risks.

Currently, the company has paid-up capital of Rs 110.6 million which will reach rs 148.5 million after the FPO. Following the issue, the share structure of the company will maintain at 70:30 of promoter and ordinary shareholders.

 

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