It is in the pipeline of the regulator to issue a FPO to Kisan Laghubitta Bittiya Sanstha Limited (KLBSL).
Follow-up public offers (FPOs) are secondary offerings following an initial public offering. Following a company’s listing on the stock exchange, a follow-on public offering is made. Another difference between an FPO and an IPO is that the former is an additional issue, while the latter is a first issue.
By issuing additional shares via the FPO process, the microfinance company will be able to raise Rs. 125 per share in premium. This issue is managed by Muktinath Capital. SEBON, the regulatory board of the microfinance company, took the application on 29 Ashar.
A company listed on NEPSE is Kisan Laghubitta. After the merger or acquisition with other non-listed microfinance companies, the FPO proposal has been made to reflect the change in equity holdings.
The authorized capital of Kisan Laghubitta is Rs. 1 Arba, and its issued capital is Rs. 52.26 crores, and its paid capital is Rs. 39.28 crores. As a result of this FPO, the company’s paid-up capital will be Rs. 52.26 crores.
As of the date of this article, KLBSL has a LTP of Rs. 1732. As of last year, the share price of the company has fluctuated between Rs. 2,042 and Rs. 683 per share.
A massive increase of 1628.90% in net profits was reported in Kisan Laghubitta’s third-quarter report of FY 2077/2078. In the first quarter of the previous year, the company reported a net profit of Rs. 50.11 lakhs, but in the first quarter of this year, it reached Rs. 8.66 crores.
As compared to the corresponding quarter last year, net interest income (core revenue) has increased by 343.40% to Rs. 26.91 crores compared to Rs. 6.07 crores. In terms of earnings per share (EPS), the company earns Rs. 29.41 annually. There are 146.60 shares in the company.