The deadline for applications to the Suryadoya Womi Laghubitta Bittiya Sanstha (SWMF) further public offering (FPO) is today.
In accordance with the BAFIA Act 2073 and the NRB's guidance during mergers and acquisitions, the company is issuing the FPO as of July 19 in order to fulfill the minimum of thirty percent of ordinary shares of issued capital.
The combined company of the former Suryodaya Laghubitta and Womi Laghubitta has a ratio of 29.64 percent ordinary shares to 70.36 percent promoter. In order to keep the required share ratio, the corporation is issuing the FPO.
With a face value of Rs 100 per unit, the company is issuing 46,729.5450 units of shares valued at Rs 4.6 million.
Applications for a minimum of 10 and a maximum of 1,000 shares are accepted from interested investors.
Kumari Capital has been named issue manager by the firm. Investors from Meroshare and any BFIs certified by the C-ASBA may apply.
The company's paid-up capital is currently Rs 910.7 million, and following the FPO issue, it will reach Rs 915.4 million.
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