Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) has launched its 1,95,773 FPO shares with a nominal value of Rs. 100, starting from today, 18th Falgun, 2081. The closing date for this offering is scheduled for the 21st Falgun, 2081. However, if the offering is under-subscribed, the deadline could be extended until the 3rd Chaitra, 2081.
Through this FPO, the institution is providing 1,95,773 shares at a face value of Rs. 100 each, with the aim to collect Rs. 1.95 Crores. NMB Capital Limited has been appointed as the managing entity for the FPO launch. Applications can be submitted for a minimum of 10 units and a maximum of 1,000 units.
ICRA Nepal has bestowed Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) an issuer rating of [ICRANP-IR] BB- and placed it under Observation with Negative Implications. This rating signifies a moderate likelihood of default in fulfilling financial commitments. The BB- rating reflects SLBBL’s comparative standing within its category but does not pertain to any specific debt instrument.
