KATHMANDU: Bin Nepal Laghubitta Bittiya Sanstha Limited is going to issue FPO. The company has stated that it will issue FPO from Chaitra 21. Applications can be submitted till Chaitra 26.

If all the shares are not sold during that period, the company has stated that applications can be submitted till Baisakh 4. This microfinance is going to issue an FPO worth Rs 51 ,29,200.

According to which, this company is going to issue 51 thousand 292.50 units of shares at a face value of Rs 100 per unit. In accordance with Section 9 of the Banking and Financial Institutions Act 2073, microfinance is going to issue FPO to maintain the capital structure of the general public at 30 percent.

Applications can be submitted from a minimum of 10 units to a maximum of 1 thousand units. Shares can be subscribed through C-ASWA accredited banks and financial institutions and Mero Share.

The company’s share issue and sale manager is Nepal SBI Merchant Banking Limited. Credit rating agency ICRA Nepal has assigned NP Single B issuer rating to this FPO. This indicates a high risk in the ability of microfinance to meet its financial obligations.