Unique Nepal Laghubitta Seeks to Issue 3,79,425 Shares Via FPO

Unique Nepal Laghubitta Bittiya Sanstha Limited has submitted a proposal to SEBON to issue an FPO.

The company wishes to issue a Further Public Offering (FPO) for 379,425 shares to raise Rs. 37,942,500 for the company. Like an IPO, the general public can apply for the shares at a par value of Rs. 100 per share.

Muktinath Capital has been appointed the issue manager. The application was submitted to SEBON on Chaitra 17.

Note that Unique Nepal Laghubitta previously planned to issue an IPO for 2.70 lakh shares. However, after a successful merger, Unique Nepal Laghubitta and Ghodighoda Laghubitta commenced their joint operation on 30th Poush, 2078 under the name of Unique Nepal Laghubitta Bittiya Sanstha Limited.

Since Ghodighoda Laghubitta was a publicly listed company, the merged company will now issue an FPO instead to adjust its shareholding ratio.