Kisan Lagubitta Bittiya Sanstha to Issue FPO

Kisan Lagubitta Bittiya Sanstha to Issue FPO

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Kisan Laghubitta Bittiya Sanstha Limited (KLBSL) is going to issue Follow on Public Offer (FPO). A total of 12,98,259 units of the share will be issued on FPO. The company has submitted the FPO application on Ashar 29 to issue FPO at the premium rate. of Rs. 125.

Follow on Public Offer also known as Further Public Offering is the additional issue of share after the company is listed in the stock exchange. In other words, those companies who have already issued IPO and wish to raise additional money from the public can issue FPO.

About Kisan Laghubitta Bittiya Sanstha Limited

Kisan Laghubitta Bittiya Sanstha Limited Formerly known as NRN Laghubitta Bittiya Sanstha Limited.  The company has the authorized capital of Rs. 1 Arba, issued capital of Rs. 52.26 crores, and paid-up capital of Rs. 39.28 crores. After the issue of FPO, the paid-up capital of the company will be Rs. 52.26 crores. The annualized earnings per share (EPS) stand at Rs. 29.41. The net worth per share is Rs. 146.60.

About Kisan Laghubitta FPO

Kisan Laghubitta Bittiya Sanstha Limited submitted the FPO issuance application on Ashar 29. The company is issuing the share at the premium price of rs. 125 per share. The issue manager of the FPO is Muktinath Capital. After the approval of FPO by the regulator, the FPO date will be revealed and the public can apply for the issue.

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