Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) has released a proposal letter to conduct its Further Public Offering (FPO) for the general marketplace.
The institution will distribute 51,292.5 unit shares with a face value of Rs 100 starting from 21st Chaitra, 2081, aiming to raise Rs 51.29 lakhs through this FPO. The initial closing date for this offering is set for 26th Chaitra, and should the offering remain undersubscribed, it may be prolonged until Baishakh 4, 2082.
Nepal SBI Merchant Banking Limited has been designated as the issue manager for the FPO process. Applicants can submit requests for a minimum of 10 units and a maximum of 1,000 units.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of CARE-NP B (Is) assigned to Wean Nepal Laghubitta Bittiya Sanstha (WNLB). Issuers with this rating are considered to exhibit a high risk of default in fulfilling financial obligations within Nepal punctually.
