The FPO allotment for Samata Gharelu Laghubitta Bittiya Sanstha Limited (SMATA) will take place on Friday, 30th Kartik, 2081.
Following the Banks and Financial Institutions Act of 2073 and NRB regulations, at least 30% of a company’s issued capital must be held by public shareholders. To meet this requirement, Samata will issue 3,50,904.25 units of FPO shares to the public. Currently, the promoter-to-public shareholding is at 73.80:26.20, which will shift to 69.48:30.52 after the FPO. The company’s paid-up capital stands at Rs. 56.40 Crores.
According to CDSC data, approximately 14,34,389 applications were received by the closing day. Based on this, only 35,090 applicants will be allotted shares, making the allotment highly competitive.
ICRA Nepal has reaffirmed a BB-@ issuer rating for Samata Gharelu Laghubitta, keeping it on “Watch with Negative Implications.” This rating suggests a moderate risk of default on financial obligations and indicates the company’s position within its rating category but is not tied to a specific debt instrument.
