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Nepal Lube Oil to Issue FPO (Further Public Offering)

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NEPSE trading

Nepal Lube Oil to Issue FPO (Further Public Offering)

Nepal Lube Oil has announced a 25% dividend for its shareholders. The company's Board of Directors has decided to distribute a 5% cash dividend and a 20% bonus share.

Annual General Meeting (AGM) and Book Closure:

  • AGM Date: Asoj 18

  • Book Closure Date: Asoj 4

FPO (Further Public Offering) Proposal:

The company has proposed issuing an FPO at a premium price during the AGM, in addition to the dividend. The number and price of the FPO will be determined later. A proposal will also be presented at the AGM to authorize the Board of Directors to carry out the necessary procedures to raise capital through the FPO.

Financial Status and Share Trading:

  • Listed Shares: 607,704 shares

  • Financial Status: Strong and stable; earnings per share (EPS) were NPR 73.27 as of the end of Ashar.

  • Latest Market Price: NPR 284.90

  • Net Worth per Share: NPR 657

Although the company is listed on the market, there has been no share trading due to a lack of sellers, resulting in a stable price. Despite its strong financial position, the company's shares show minimal trading activity in the stock market.

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