Suryodaya Womi Laghubitta’s FPO Allotment Set for Shrawan 16

The FPO allotment for Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) is scheduled for Wednesday, Shrawan 16, 2081. The allotment event will take place at Kumari Capital Limited’s premises in Nagpokhari, Kathmandu, starting at 8:00 AM.

As per the Banks and Financial Institutions Act of 2073 and the NRB regulations, at least 30% of the issued capital must be held by public shareholders. To comply, the company is issuing 46,729.5450 units of FPO shares to the general public. Currently, the promoter-to-public share ratio stands at 70.36:29.64, which will adjust to 70:30 after this FPO. Suryodaya Womi Laghubitta’s paid-up capital is Rs. 91.07 Crores.

Data from CDSC shows that the FPO received around 16,56,826 applications for a total of 2,38,37,900 units of shares by the closing day, resulting in an oversubscription of 510.12 times in terms of unit demand by ordinary applicants.

The issue manager has stated that 4,672 applicants will receive a minimum of 10 units each, while an additional 9 lucky applicants will receive an extra unit, totaling 11 units each.

CARE Ratings Nepal Limited (CRNL) has assigned a ‘CARE-NP BB (Is)’ rating to Suryodaya Womi Laghubitta Bittiya Sanstha Limited, indicating a moderate risk of default concerning the timely servicing of financial obligations in Nepal.