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In today's article, we'll dive into the upcoming 👉 Unnati Sahakarya Laghubitta Bittiya Sanstha (USLB) public offering (FPO) and understand the details, implications, and investor opportunities.
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| Unnati Sahakarya Laghubitta |
Unnati Sahakarya Laghubitta Bittiya Sanstha (USLB) has announced its plans to issue a further public offering (FPO) to the general public starting from November 7th. This strategic move is in compliance with the Banks and Finance Institutions Related Act 2073, section 9, which requires a 30 percent capital structure to be maintained by the general public.
Merger Impact
Following the acquisition of the former Sahakarya Laghubitta by Unnati Laghubitta, the capital structure of Unnati Sahakarya Laghubitta now stands at 75.45:24.55.
FPO Details
The company is set to release 178,451.18 units of FPO at a face value of Rs 100. Potential investors have the option to apply for a minimum of 10 units and a maximum of 1,000 units of shares. The FPO issue will commence on November 7th and conclude on November 21st.
Risk Assessment
ICRA Nepal has assigned a BB+ rating to the FPO issue, indicating substantial risks. It is essential for investors to consider this risk rating while making investment decisions.
Issue Management
Siddhartha Capital has been appointed as the issue manager for the FPO. Investors can submit their applications through all C-ASBA approved Banks and Financial Institutions (BFIs) as well as Meroshare.
Capital Growth
As a result of the FPO, the company's paid-up capital will increase from Rs 229 million to Rs 246.8 million.
