Upcoming FPO in Nepal in 2080 (2023)

Upcoming FPO in Nepal

Here is the list of further public offerings in Nepal that are in the SEBON’s pipeline. These companies have submitted their initial application for the FPO issue. After approval from the securities board of Nepal (SEBON), these companies can issue FPO to the public. You can also check out the list of Upcoming IPOs in Nepal.

Currently Open FPOs in Nepal in 2081

Company – Suryodaya Womi Laghubitta (SWMF)
Total Units – 46,729.5450 unit
Open Date – 2081 Shrawan 4 – 8
Issue Manager – Kumari Capital
See – Offer Letter

Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) is issuing its Further Public Offering (FPO) to the general public from Shrawan 4 to 8. The company will be issuing 46,729.5450 unit shares of Rs 100 face value. The company set to collect Rs 46.72 lakhs from this FPO from general public. The early closing date of this issue is on 8th Shrawan and if the issue is not fully subscribed, it can be extended up to 8th Shrawan, 2081. Before FPO the promoter: public share structure is a 70.36: 29.64. After this FPO, the ratio will be a 70: 30 ratio.

What is Further Public Offering (FPO)?

Further Public Offering is otherwise known as follow-on public offering or FPO is the issuance of shares of an already listed company. Company issues further shares to the public after the Initial Public Offering (IPO) to collect more funds. In FPO, anyone can apply for its shares. In some countries, FPO is also called secondary offerings because it occurs after primary offerings.

Why Do Companies Issue FPO?

To raise additional capital, companies have many options. Such as taking an institutional or individual loan, issuing the right share to collect additional money from existing shareholders, and collecting money from the public. Companies chose the FPO option to raise equity reducing the debt.

When Do Companies Issue FPO?

As per the rules and regulations mentioned in the Company Act 2063 (2006), companies that are listed in NEPSE must have at least a 30% stake from the general public. The rest of the 70% stake belongs to the promotors of the company. If the total stake of the general public comes down below 30%, the company must issue additional shares to maintain the public-promotor ratio to 70:30. Likewise, companies must also have a minimum of 51% stake from their promotors. If the promotor shareholding ratio comes below 51%, the company should float further issues to maintain the 51% stakeholding.

What is the Rate of FPO in Nepal?

Companies issue FPO at a premium price. i.e the general public can not buy shares at the face value of Rs. 100. The securities board of Nepal has set the guideline for price determination.

Issued FPOs in Nepal (for FY 2078/79)

Kisan Laghubitta Bittiya Sanstha
Naya Sarathi Laghubitta Bittiya Sanstha
Mirmire Laghubitta Bittiya Sanstha
Unique Nepal Laghubitta Bittiya Sanstha Ltd.
Unnati Sahakarya Laghubitta Bittiya Sanstha
Samata Gharelu Laghubitta Bittiya Sanstha Ltd

Also Read:

Comments Box