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Suryodaya Womi Laghubitta Is Planning To Issue 46,729.5450 Unit Shares Through A Further Public Offering (FPO) To The General Public Starting From Shrawan 4

Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has released an offer letter for its Further Public Offering (FPO) aimed at the general public. The company plans to issue 46,729.5450 unit shares with a face value of Rs 100, starting from 4th Shrawan, 2081. SWMF aims to raise Rs 46.72 lakhs through this FPO. The initial closing date is set for 8th Shrawan, with an option to extend if the issue is not fully subscribed.

In compliance with the Banks and Financial Institutions Act of 2073 and the NRB regulations, at least 30% of the issued capital must be held by public shareholders. Currently, the promoter-public share structure stands at a 70.36:29.64 ratio, which will adjust to 70:30 following this FPO. The company’s current paid-up capital is Rs 91.07 Crores.

Kumari Capital Limited has been designated as the issue manager for this FPO. Investors can apply for a minimum of 10 units and a maximum of 1000 units.

Related: Siuri Nyadi Power Has Appointed NMB Capital For Issuing Its IPO

Additionally, CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BB (Is)’ to SWMF, indicating a moderate risk of default regarding timely financial obligations in Nepal.

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