Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) has begun the process of offering its 51,292.5 FPO shares, each with a nominal value of Rs. 100, starting today, 21st Chaitra, 2081. The closing date for this offering is anticipated to be on the 26th Chaitra, 2081. Nevertheless, if the shares are under-subscribed, the deadline may be postponed until Baishakh 4, 2082.
In this FPO, the organization is making available 51,292.5 shares at a face value of Rs. 100 each, with the objective of generating Rs. 51.29 lakhs. Nepal SBI Merchant Banking Limited has been designated as the FPO issuance manager. Applications can be submitted for a minimum of 10 shares and a maximum of 1,000 shares.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of CARE-NP B (Is) assigned to Wean Nepal Laghubitta Bittiya Sanstha (WNLB). Entities holding this rating are considered to have a significant risk of failing to meet financial obligations punctually in Nepal.
