Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) has finalized the share allocation for its Follow-on Public Offering (FPO) on Baishakh 7. Managed by Nepal SBI Merchant Banking Limited, the FPO received massive investor interest, leading to an oversubscription resolved through a lottery system.
Key Details of the FPO
How Shares Were Allotted
- General Allotment: 5,129 applicants were allotted 10 shares each.
- Remaining Shares: After distributing 51,292 unit shares, the remaining 2.50 shares were allocated to 3 applicants selected through a lottery. Among them, 2 applicants received 11 shares each, while 1 applicant received 10.50 shares.
How to Check FPO Results
Investors can verify their allotment status through:
- CDSC IPO Result
- Check IPO Result in MeroShare (Demat accounts)
- Nepal SBI Merchant Banking Limited
Wean Nepal Laghubitta FPO Result
About Company:
Wean Nepal Laghubitta Bittiya Sanstha Ltd. (WNLBSL) is a “D” class microfinance institution established in 2070 B.S. and licensed by Nepal Rastra Bank, i.e, Central Bank of Nepal. It began operations in 2071 B.S. and provides financial services to low-income and underprivileged communities in Sindhupalchowk, Rasuwa, and Nuwakot districts.