Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) is issuing 46,729.5450 units of FPO shares at a par value of Rs. 100 starting today, 4th Shrawan 2081. The initial closing date is 8th Shrawan, with a possible extension to 18th Shrawan if not fully subscribed.
In compliance with the Banks and Financial Institutions Act of 2073 and the NRB, SWMF is required to retain at least 30% of its issued capital with public shareholders. Currently, the promoter to public share ratio is 70.36:29.64, which will shift to 70:30 post-issue. The company’s paid-up capital stands at Rs. 91.07 Crores.
Kumari Capital Limited is managing the FPO issuance. Investors can apply for a minimum of 10 units and up to a maximum of 1000 units.
CARE Ratings Nepal Limited (CRNL) has given SWMF a ‘CARE-NP BB (Is)’ rating, indicating a moderate risk of default in the timely servicing of financial obligations in Nepal.
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