Reliance Lotus Finance Limited (RLFL) has floated its Further Public Offering (FPO) from Poush 5, 2072. Today is the last day of FPO as per the notice published by the company. The FPO is oversubscribed by 1 time already till second day.
Bijay Lal Shrestha, CEO of Reliance Lotus Finance Limited said, “The total collection of the FPO is approximately Rs 5.14 crore till second day. It is only tentative data final data is yet to be compiled as more data are pouring in.”
The Finance company is issuing a total of 5,14,286 kittas shares to the general public at the rate of Rs 100 per unit.
Interested people must apply for a minimum of 50 units while they can apply maximum of 10,000 unit shares.
The issue manager for the FPO is NCM Merchant Banking Limited.
The authorized and issued capital of company is Rs 65 crore and Rs 37.14 crore respectively. The Paid up capital of the company remains at Rs 32 crore. After the FPO, the paid up will reach Rs 37.14 crore.
After the FPO promoter- public ratio will be at 70% to 30%.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 5”, indicating poor fundamentals to the proposed FPO of Reliance Lotus Finance.
Interested investors can apply for FPO at the following locations
| S.No. |
Collection Center |
Phone |
Contact person |
| 1. |
NCM Merchant Banking Limited, Kamalpokhari, Kathmandu |
4428660 |
ArchanaShrestha |
| 2. |
Reliance Lotus Finance Limited, PradarsaniMarg, Newroad, Kathmandu, Pokhara, Chitwan, Besisahar |
4223117
4245104
061-523581
056-566598
066-520815 |
BisnuBasnet
BishnuLalShrestha
SanyuktaDwakha
NareshLal Joshi
Bishal Joshi |
| 3. |
Sagarmatha Finance Limited, Birtamod and Biratnagar branch |
021-521340
023-540557 |
Amit Sharma
DevendraKhatri |
| 4. |
Goodwill Finance Limited, Nepalgunj, Banke and Dang, Ghorahi branch |
082-563350
081-528056 |
SudipManandhar |
| 5. |
MalikaBikas Bank Limited, Dhangadi |
091-527481 |
Chet Raj Pandey |
FPO Analysis of Reliance Lotus Finance Ltd.
