Swarojgar Laghubitta Bittiya Sanstha FPO Allocation Completed

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Swarojgar Laghubitta Bittiya Sanstha FPO Allocation Completed

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) successfully completed the allocation process for its Follow-on Public Offering (FPO) on Chaitra 01, 2081. The distribution was conducted at NMB Capital, the appointed issue and sales manager. The FPO, which opened from Falgun 18 to 21, 2081, received an overwhelming response from investors, far exceeding the number of shares available.

Key Highlights of the FPO

Particulars Details
FPO Period Falgun 18 to 21, 2081
Allocation Method Lottery System
Lucky Applicants 19,577 (allotted 10-11 units each)
Issue Manager NMB Capital
Total Shares Issued 195,773 units
Share Price NPR 100 per share (Nominal Value)
Total Issue Size NPR 19,577,300
Applications Received 1,780,457 applicants (for 21,715,750 shares)
Approved Applications 1,777,793
Canceled Applications 2,664 (due to discrepancies/issues)

Due to the high demand, the allocation was conducted through a lottery system, as per regulatory guidelines. A total of 19,577 lucky applicants were allotted between 10 and 11 units of shares.

Issue and Sales Manager

NMB Capital was appointed as the FPO issue and sales manager. They managed the application process, allocation, and distribution of shares, ensuring transparency and compliance with regulatory requirements.

Significance of the FPO

Expanding Shareholder Base and Market Presence

The successful completion of the FPO marks a significant milestone for SLBBL as it continues to:

  1. Expand its shareholder base.
  2. Strengthen its presence in the Nepali financial sector.
  3. Enhance its capital base to support future growth and operations.

The FPO can be checked for the official sites:

CDSC official site: https://iporesult.cdsc.com.np/

Meroshare: https://meroshare.cdsc.com.np/#/login

NMB Capital: https://www.nmbcl.com.np/

Conclusion

The overwhelming response to Swarojgar Laghubitta Bittiya Sanstha Limited’s FPO reflects the trust and confidence of investors in the microfinance institution. The successful allocation process, managed by NMB Capital, ensures transparency and fairness. This FPO not only strengthens SLBBL’s financial position but also reinforces its commitment to serving its shareholders and contributing to the growth of Nepal’s financial sector.