Samata Gharelu Laghubitta to Issue FPO from Kartik 12

Samata Gharelu Laghubitta Financial Institution Limited (SMATA) is set to issue a Further Public Offering (FPO) starting from Kartik 12. The microfinance institution is issuing this FPO to maintain a capital structure with 69.48% promoter ownership and 30.52% public ownership after acquiring Mankamana Smart Laghubitta.

FPO Issuance: The microfinance institution will be issuing 350,904.25 shares worth NPR 35,090,425.

Share Price: Each share has a face value of NPR 100.

Application Date: Interested investors can apply for the FPO from Kartik 12 to Kartik 20. If sufficient applications are not received within this period, the issuance will be extended until Kartik 26.

Application Process: Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.

Rating: ICRA Nepal has assigned the microfinance institution a Double B Minus (ICRANP Issuer Rating), indicating moderate risk in fulfilling financial obligations.

Issue Manager: Muktinath Capital Limited will manage the FPO issuance.

Where to Apply: Investors can apply through C-ASBA member banks and financial institutions approved by the Nepal Securities Board or via the "Mero Share" online system.

Paid-Up Capital: The current paid-up capital of the microfinance institution is NPR 564,006,304, and after the FPO issuance, it will increase to NPR 599,096,728.25.