Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has released a letter of offer for its Further Public Offering (FPO) directed towards the general public.
The firm plans to release 195,773 unit shares with a face value of Rs 100 starting from 18th Falgun, 2081. The objective of this FPO is to raise Rs 1.95 Crores. The final date for the subscription of this issue is set for 21st Falgun, while if the offer remains undersubscribed, it may be extended until Chaitra 3, 2081.
NMB Capital Limited will serve as the issue manager for the FPO rollout. Investors can apply for a minimum of 10 units and a maximum of 1,000 units.
ICRA Nepal has rated Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) with an issuer rating of [ICRANP-IR] BB- and has placed it on Watch with Negative Implications. This rating reflects a moderate likelihood of default concerning financial obligations. The BB- rating denotes SLBBL’s relative standing within its classification, but it does not pertain to any specific debt instrument.
