National Laghubitta Bittiya Sanstha Ltd is now set to issue its Follow-on Public Offering (FPO) at a premium price, a clear change from its earlier plan to issue shares at face value.
The company has submitted the required documents to the Securities Board of Nepal (SEBON), proposing to issue shares at Rs. 270.49 per share. This is a significant jump from the standard face value of Rs. 100 per share.
A total of 669,900 shares will be offered to the public once SEBON grants the approval. This move shows the company’s confidence in its market value and financial health.
RBB Merchant Banking Ltd has been appointed as the issue manager to handle the FPO process smoothly.
This sudden pricing change has created buzz in the secondary market, making many investors curious about the company’s next performance and long-term plans.
