KATHMANDU: Swarojgar Laghubitta Bittiya Sanstha Limited has launched an FPO from today. This microfinance institution has issued an FPO worth Rs 195,77,300.

Applications can be submitted for the FPO until Falgun 21. The company has stated that if all the shares are not sold during that period, applications can be submitted until Chaitra 3. Applications can be submitted for a minimum of 10 units and a maximum of 1,000 units in this FPO.

According to the company, 195,773 units of shares have been issued at a face value of Rs 100 per unit. The microfinance institution has issued the FPO to maintain the capital structure of the general public at 30 percent as per Section 9 of the Banking and Financial Institutions Act, 2073.

Shares can be subscribed through C-ASBA accredited banks and financial institutions and Mero Share. The company’s share issue and sale manager is NMB Capital.

Credit rating agency ICRA Nepal has assigned this FPO an ‘ICRA Issuer Rating Double B Minus’ indicating that it is moderately secure in its ability to meet financial obligations. ICRA Nepal has given this rating on 14th Shrawan 2081. This rating will remain valid until 13th Shrawan 2082.