20th April 2205, Kathmandu
Wean Nepal Laghubitta Bittiya Sanstha Limited has completed its Further Public Offering (FPO) allotment. The allotment process was held at the office of Nepal SBI Merchant Banking Limited, the issue manager.
Wean Nepal FPO Result
Overwhelming Investor Interest
A total of 1,923,490 investors applied for the FPO. Among them, 1,920,939 applications were considered valid. The remaining 2,523 applications were disqualified due to errors or incomplete details.
Only a Few Got Shares
From the valid applicants, only 5,129 investors received shares through a lottery system. Out of them, 5,127 people received 10 shares each, while one lucky applicant got 11 shares and another received 10.5 shares.
Issue Details
Wean Nepal Laghubitta offered 51,292.50 shares at a face value of NPR 100 per share. The FPO raised a total of NPR 5,129,250. The offering was open from Chaitra 21 to Chaitra 26, 2081 (April 3 to April 8, 2025).
Reason Behind the FPO
The company issued the FPO to meet the requirement under Section 9 of the Bank and Financial Institutions Act, 2073. This law mandates that financial institutions must maintain at least 30% public ownership. The FPO helps Wean Nepal comply with this requirement.
Where to Check Allotment Results
Applicants can view the allotment results through these platforms:
Nepal SBI Merchant Banking’s official website
Their Meroshare account
CDS and Clearing Limited’s website
Wean Nepal Laghubitta’s official website
Company’s Role in Financial Inclusion
Wean Nepal Laghubitta is a licensed microfinance institution working to uplift rural communities. Its services are tailored for low-income individuals, especially women. This FPO strengthens its capital and expands its mission.
Public Confidence in Microfinance
The FPO attracted over 1.9 million applications. This shows strong public trust in microfinance institutions. Investors continue to seek opportunities in transparent and regulated companies like Wean Nepal Laghubitta.
Conclusion
The FPO allotment has officially concluded. Though only a few received shares, the process was transparent and fair. The company has taken a firm step toward increasing public ownership and meeting regulatory standards. Wean Nepal Laghubitta now looks forward to broadening its impact and financial inclusion efforts.
For more: Wean Nepal FPO Result