Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) is issuing 46,729.5450 units of FPO shares at a par value of Rs. 100, starting today, 4th Shrawan, 2081. The initial closing date for this issue is 8th Shrawan, which can be extended to 18th Shrawan, 2081, if not fully subscribed by the initial date.
As per the Banks and Financial Institutions Act of 2073 and the NRB guidelines, at least 30% of the issued capital must be held by public shareholders. Currently, the promoter to public share ratio is 70.36:29.64, which will change to 70:30 after this FPO. The company’s current paid-up capital is Rs. 91.07 Crores.
Kumari Capital Limited has been appointed as the issue manager for the FPO. Applications for the shares can be submitted for a minimum of 10 units and a maximum of 1000 units.
CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BB (Is)’ to SWMF, indicating a moderate risk of default in meeting financial obligations in Nepal.
About Suryodaya Womi Laghubitta Bittiya Sanstha Limited
Suryodaya Womi Laghubitta Bittiya Sanstha Limited is registered with the Office of the Company Registrar under the Companies Act 2063. Nepal Rastra Bank has licensed Suryodaya Womi as a Class “D” Micro Financial Institution under the Banks and Financial Institutions Act 2073.
