Wean Nepal FPO Oversubscribed by 337x: Apply Now via C-ASBA & Mero Share
7th April 2025, Kathmandu
Wean Nepal Laghubitta Bittiya Sanstha Ltd. has received a massive response to its Follow-on Public Offering (FPO). As of 5:05 PM today, 14,53,631 applicants have applied for 1,73,55,550 shares. The company’s FPO has been oversubscribed by 337.29 times, reflecting strong investor interest.
Wean Nepal FPO Oversubscribed
FPO Issuance and Application Details
The FPO opened to the public on Chaitra 21, 2081 (3 April, 2025). The shares are being issued at NPR 100 per unit, with a total of 51,292.5 units up for grabs. According to the details, the company has raised NPR 1.73 billion in applications so far.
The FPO subscription is set to close on Chaitra 26, 2081 (8 April, 2025). Investors have the option to apply for a minimum of 10 shares and up to 1,000 shares.
How to Apply for the FPO
Interested investors can apply through any C-ASBA member banks and financial institutions authorized by the Securities Board of Nepal (SEBON). Additionally, applications can be made online using the “Mero Share” platform, which operates within the C-ASBA system.
Role of the Issue Manager
Nepal SBI Merchant Banking Limited is managing the FPO issuance. The firm is overseeing the entire process, ensuring a smooth subscription experience for potential investors.
Investor Confidence in Microfinance
The overwhelming demand for Wean Nepal Laghubitta Bittiya Sanstha Ltd.’s FPO reflects the strong investor confidence in Nepal’s growing microfinance sector. This trend signals a positive outlook for the sector, with microfinance institutions playing a critical role in delivering financial services to underserved communities across the country.
The FPO is part of the company’s broader strategy to raise capital for expanding its operations and enhancing service offerings. The strong response so far indicates that Wean Nepal Laghubitta Bittiya Sanstha Ltd. is well-positioned for future growth.
Conclusion
The FPO for Wean Nepal Laghubitta Bittiya Sanstha Ltd. is proving to be one of the most successful offerings in recent times. With such overwhelming demand, it is clear that investors are eager to participate in the company’s growth story. As the FPO draws to a close, market experts are closely monitoring the final subscription numbers and the broader impact on Nepal’s microfinance sector.
For more: Wean Nepal FPO Oversubscribed
