Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is concluding the offering of its 1,95,773 unit FPO shares at a nominal value of Rs. 100 starting today, the 21st of Falgun, 2081. The offering commenced on the 18th of Falgun, 2081.
In this FPO, the organization is presenting 1,95,773 shares at a nominal value of Rs. 100 each, aiming to accumulate Rs. 1.95 Crores. NMB Capital Limited has been designated as the issue manager for the FPO distribution. Applicants may submit bids for a minimum of 10 units and a maximum of 1,000 units.
As per CDSC, 15,04,455 applications have been received for a total of 1,89,37,160 units. Consequently, the offering has already been oversubscribed 96.73 times to date.
ICRA Nepal has granted Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) an issuer rating of [ICRANP-IR] BB- and placed it under Watch with Negative Implications. This rating reflects a moderate likelihood of default in fulfilling financial commitments. The BB- rating illustrates SLBBL’s comparative standing within its sector, but it does not pertain to any particular debt instrument.
