Mahuli Laghubitta issuing FPO, 4.75 Lakh Shares added to SEBON pipeline

Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a formal request to the Securities Board of Nepal (SEBON) seeking approval for a Further Public Offering (FPO).

The company aims to generate Rs. 47,544,915 in funds by issuing 475,449 additional shares through this FPO. Similar to an Initial Public Offering (IPO), the general public will have the opportunity to apply for these shares at a base value of Rs. 100 per share.

Sunrise Capital has been appointed as the designated issue manager for this offering, with the application being officially lodged with SEBON on Bhadra 24.

As of now, MSLB possesses a paid-up capital of Rs. 32.23 Crores. Following the successful issuance of the FPO, the paid-up capital is projected to rise to Rs. 36.99 Crores.

ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB-  to Mahuli Laghubitta Bittiya Sanstha Limited. Entities with this rating are considered to carry a moderate level of risk when it comes to fulfilling their financial obligations promptly.