Reliance Lotus Finance Limited is floating its Further Public Offering (FPO) from today (Poush 5, 2072). 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.
The offer will close on Poush 8 at the earliest. The maximum closing date for the offer is Poush 19, 2072.
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.
At present promoter- public ratio is at 70% to 30%. After the FPO the finance might convert its 19% promoter share into public share making the promoter- public share 51% to 49% in the near future.
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 |
