Wean Nepal Laghubitta Bittiya Sanstha Limited has published a prospectus for issuing an additional public offering (FPO) for the general public.
The company will issue 51,292.5 shares with a face value of NPR 100 per share starting from Chaitra 21, 2081. Through this FPO, the company aims to raise NPR 5.129 million. The initial closing date for the issuance is Chaitra 26, but if the issue remains unsubscribed, the deadline may be extended until Baisakh 4, 2082.
Nepal SBI Merchant Banking Limited has been appointed as the issue and sales manager for the FPO. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.
CARE Ratings Nepal Limited (CRNL) has reaffirmed the issuer rating of CARE-NP B (IS) for Veena Nepal Laghubitta Bittiya Sanstha. This rating indicates a high risk of default in fulfilling financial obligations in Nepal.