The Securities Board of Nepal (SEBON) has officially approved the Further Public Offering (FPO) of Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB). This FPO will allow the general public to invest in the company and support its growth. Below are the key details of the FPO:
1. FPO Details
- Total FPO Shares: WNLB is offering 51,292.50 units of FPO shares.
- Face Value: Rs. 100 per share.
- Amount to be Raised: Rs. 51.29 lakhs.
2. Impact on Paid-up Capital
- Current Paid-up Capital: Rs. 7.92 crores.
- Post-FPO Paid-up Capital: Rs. 8.43 crores (after issuing the FPO shares).
3. Issue Manager
- Nepal SBI Merchant Banking Limited has been appointed as the FPO issue manager.
4. How to Apply
- Eligibility: The general public can apply for the FPO shares.
- Application Process: Applications can be submitted through C-ASBA (Centralized Application Supported by Blocked Amount) approved banks and financial institutions.
What This Means for Investors
- Investment Opportunity: The FPO provides an opportunity to invest in a growing microfinance institution at a par value of Rs—100 per share.
- Growth Potential: The funds raised will help WNLB expand its operations and enhance its financial stability.
- Transparency: SEBON’s approval ensures regulatory compliance and investor protection.
Conclusion
Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) is set to issue 51,292.50 units of FPO shares at a par value of Rs. 100 per share, aiming to raise Rs. 51.29 lakhs. This FPO will increase the company’s paid-up capital to Rs. 8.43 crores, supporting its growth and expansion plans. With Nepal SBI Merchant Banking Limited as the issue manager, the FPO process is expected to be smooth and transparent. Investors are encouraged to participate in this opportunity to contribute to WNLB’s growth while potentially earning returns on their investments.