Kisan Laghubitta Bittiya Sanstha Limited, former NRN Laghubitta Bittiya Sanstha Limited (KLBSL), is issuing an FPO to raise additional capital.
The microfinance company will issue 12,98,259 shares via its FPO. An FPO (Further Public Offering or Follow on Public Offer) is a way to raise capital just like from an IPO, except that it is issued after the company has already issued its first public offering, hence called the Initial Public Offering (IPO).
Muktinath Capital has been appointed the issue manager for this FPO issue. CEO Indra Kumar Shah signed the agreement letter on behalf of the microfinance company and CEO Kabindra Dhoj Joshi signed on behalf of Muktinath Capital.
Kisan Laghubitta has the authorized capital of Rs. 1 Arba, issued capital of Rs. 52.26 crores, and paid-up capital of Rs. 39.28 crores. After this FPO issue, the paid-up capital of the company will be Rs. 52.26 crores.