Which securities are planning to release FPO's in coming days? Which one are you most excited for?
View on r/NepalStock by thelocal_alchemist
Tag: fpo
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Sc verdict tax on FPO and mergers
I think todays SC’s verdict on tax regarding FPO s and mergers will bring down the market. Balla balla market badethyo. Wonder what Standard Chartered is gonna do. Astinai Nepal chhodera jani dhamki dethyo.
View on r/NepalStock by Substantial-Block407
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Butwal Power Company Calls 31st AGM: Endorses 5% Dividend and Proposes FPO
Butwal Power Company Limited (BPCL) has announced its 31st Annual General Meeting (AGM) scheduled for the 29th of Poush, 2080, corresponding to January 14, 2024. The meeting is set to take place at Karki Banquet, Babarmahal, Kathmandu, starting at 11 am on the specified day.
Among the various agendas to be discussed at the AGM, one notable item is the endorsement of a 5 percent dividend for the fiscal year 2079/80. The decision to distribute a 5% cash dividend on the paid-up capital of Rs. 3.4 Arba was made during the board of directors’ meeting on Mangsir 29.
Additionally, the AGM will address the endorsement of the auditor’s report, covering profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 is also on the agenda. Another crucial topic for discussion is the proposal from the Board of Directors to issue 1 Crore units of Follow-on Public Offering (FPO) shares at a par value of Rs. 100. The current paid-up capital of the company stands at Rs. 3.40 Arba, and after the FPO issuance, it will increase to Rs. 4.40 Arba.
The book closure date has been specified from Poush 19 to Poush 29. Shareholders maintaining their shares until this date are entitled to the dividend payout and are also eligible to attend the AGM.
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Unnati Sahakarya Laghubitta Lists 1,78,451.18 FPO Shares on NEPSE with LTP of Rs. 671
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has successfully listed 1,78,451.18 units of Further Public Offering (FPO) shares on the Nepal Stock Exchange (NEPSE). The microfinance institution had issued these FPO shares with a face value of Rs. 100 to the general public. The offering took place from the 21st Kartik to the 24th Kartik, utilizing the company’s paid-up capital of Rs. 22.9 crores. Subsequently, these FPO shares are now officially listed on the NEPSE.
At the time of reporting, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) has a Last Traded Price (LTP) of Rs. 671 per share. The successful listing marks a significant development for the company in the stock market.
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Mirmire Laghubitta Bittya Sanstha Lists 123,816.45 Units of FPO Shares on NEPSE
A total of 123,816.45 units of Follow-on Public Offering (FPO) shares of Mirmire Laghubitta Bittya Sanstha Limited (MMFDB) have been officially listed on the Nepal Stock Exchange (NEPSE). These FPO shares, each with a face value of Rs 100, were made available to the general public during the period from the 25th to the 30th of Ashwin. The microfinance company conducted this offering from its paid-up capital of Rs. 65.33 crores. The shares are now actively trading on the NEPSE platform.
As of the latest available information, Mirmire Laghubitta Bittya Sanstha Limited (MMFDB) is currently listed on the stock exchange with a Last Traded Price (LTP) of Rs. 530. This development represents a significant step for the microfinance institution as it expands its market presence and engages with a broader base of investors through the FPO mechanism.
It’s important to note that the FPO process allows companies to raise additional capital by issuing new shares to the existing shareholders and the general public. This can contribute to the company’s growth initiatives, expansion plans, or strengthening its financial position. The listing of these FPO shares on NEPSE provides investors with a platform to buy and sell these shares in the secondary market, contributing to the overall liquidity and dynamism of the stock exchange.
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Unnati Sahakarya Laghubitta FPO Allotment Concluded, Oversubscribed by Over 65 Times
The FPO allotment process of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) was successfully concluded today at the offices of the issue manager, Siddhartha Capital Limited, in Kathmandu.
During the FPO issuance from 21st to 24th Kartik, 2080, Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) had released 1,78,451.18 units of FPO shares at a par value of Rs 100 to the general public. As per the regulations outlined in the Banks and Financial Institutions Act (BAFIA), 2073, and guidelines from the NRB, a minimum of 30% of the issued capital must be retained by public shareholders. To meet this requirement, the company made available 1,78,451.18 units of FPO shares to the general public, altering the existing promoter: public share structure from 75.45:24.55 to a new ratio of 70:30. The company’s current paid-up capital is Rs. 22.9 Crores.
The FPO garnered significant interest, receiving applications from 10,72,443 valid applicants who collectively applied for 1,17,20,860 units. The oversubscription reached an impressive rate of more than 65.68 times. In the allotment process, 17,845 applicants were fortunate to receive 10 units each through a lottery system, while one lucky applicant received an extra unit. Unfortunately, the remaining 10,54,598 applicants did not receive any allotment. A total of 325 applicants, who had applied for 3,580 units, were disqualified.
For accessing the IPO result, interested parties can refer to CDSC IPO Result, MeroShare, and Siddhartha Capital Limited. However, it’s noteworthy that ICRA Nepal has downgraded the issuer rating of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited from [ICRANP-IR] BB- to [ICRANP-IR] B+@, placing the rating on watch with negative implications. This rating implies a high risk of default concerning the timely servicing of financial obligations for issuers with this rating.
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Mirmire Laghubitta FPO Allotment Set for Thursday with Overwhelming Demand
The FPO (Follow-on Public Offering) allotment for Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) is scheduled for this Thursday, which falls on the 16th of Kartik, 2080, as per the Nepali calendar. The allocation event will take place at the premises of Nepal SBI Merchant Banking Limited in Hattisar, Kathmandu, beginning at 8:30 AM.
As of the present, the company’s paid-up capital amounts to Rs. 65.33 crores. Within this, 71% of the shares, equivalent to 4,639,019 units, are held by the promoter shareholders, while the remaining 29%, totaling 1,894,810 units, are in the hands of public shareholders. According to the regulations of the Banks and Financial Institutions Act of 2073 and the Nepal Rastra Bank (NRB), a minimum of 30% of the issued capital must be retained by public shareholders. Consequently, the company issued 1,23,816.45 units of FPO shares to the general public. This issuance will bring about a shift in the promoter-public share structure from the existing 71:29 ratio to a 70:30 ratio.
Based on data from the Central Depository System and Clearing Limited (CDSC), the FPO received approximately 12,12,109 applications, amounting to a total of 1,38,83,730 units of shares applied for until the closing day. Consequently, the FPO was oversubscribed by a staggering 112.13 times in terms of the number of units applied for by ordinary applicants.
Examining the data, it becomes evident that only 12,381 fortunate applicants will secure ownership of the company.
CARE Ratings Nepal Limited (CRNL) has assigned a rating of CARE-NP BB- (Is) to Mirmire Laghubitta Bittiya Sanstha Limited. Companies with this rating are deemed to present a moderate risk of default in terms of meeting their financial obligations in Nepal.
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IPO ra FPO xutta xuttai ho ki same ho ?
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https://preview.redd.it/bbe08cmuskub1.png?width=1137&format=png&auto=webp&s=864d1773455930ec301cba2e115dfbd704779eec
View on r/NepalStock by Ok_Construction_4840
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What is FPO? Till now i have only applied to IPO.
What is **FPO?** Till now i have only applied to **IPO.** Should i apply for it? Can anyone make me clear on this?
View on r/NepalStock by 0_nousername
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Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON
Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a formal proposal to the Securities Board of Nepal (SEBON) to initiate a Further Public Offering (FPO). The company’s aim with this FPO is to issue 475,449 additional shares, raising a total of Rs. 47,544,915 in capital. Similar to an Initial Public Offering (IPO), the general public will have the opportunity to apply for these shares at a par value of Rs. 100 per share.
Sunrise Capital has been appointed as the issue manager for this offering, and the application for the FPO was officially submitted to SEBON on Bhadra 24.
As of now, MSLB’s current paid-up capital stands at Rs. 32.23 Crores. However, upon the successful issuance of the FPO, the paid-up capital will experience an increase, reaching Rs. 36.99 Crores.
It’s worth noting that ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B Minus) to Mahuli Laghubitta Bittiya Sanstha Limited. This rating suggests that issuers with this designation are assessed to have a moderate risk of default in terms of fulfilling their financial obligations in a timely manner.
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“SEBON Approves Vision Lumbini Urja’s Rs 38.25 Crore IPO Proposal”
The Securities Exchange Board of Nepal (SEBON) has given its approval for the Initial Public Offering (IPO) of Vision Lumbini Urja Company Limited. This IPO is scheduled for Bhadra 05, 2080. In this offering, the company plans to release 3,825,000 equity shares, each with a nominal value of NPR 100. The total value of the IPO is set at Rs. 38.25 Crore, which represents 20% of the company’s existing issued capital. Following the allotment of shares through the IPO, the company’s total paid-up capital will increase to Rs. 1.91 Arba from the current Rs. 1.53 Arba. Muktinath Capital Limited has been appointed as the manager overseeing the IPO process, and the application for this IPO was originally submitted on Falgun 28, 2079.