KATHMANDU: The FPO (Follow-on Public Offering) of Wean Nepal Laghubitta Bittiya Sanstha has been allotted on Sunday. According to issue manager Nepal SBI Merchant Banking, a total of 5,129 applicants received 10 units each through a lottery system.

Out of the total 1,920,939 applicants, 2,523 applications were disqualified. The FPO was open for subscription from Chaitra 21 to 26. The company issued the FPO to maintain 30% public ownership in its capital structure as mandated by Clause 9 of the Bank and Financial Institutions Act, 2073. https://nepalnews.com/s/business/nepal-news-evening-economic-brief-april-20-2025/