Kathmandu. On the first day, 18.11 times more applications were received in the FPO of Unnati Sahasha Lagufinance Financial Institution. 283 thousand 344 investors have applied for FPO purchase. According to which, an application has been made for 32 lakh 33 thousand 280 shares in FPO.

Securities Board of Nepal (SEBON) has approved the Further Public Offering (FPO) of Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) on 6th Ashwin, 2080.

USLB is coming out with 1,78,451.18 units of FPO shares. Like an IPO, the general public can apply for the shares at a par value of Rs. 100 per share which will raise Rs. 1,78,45,118 for the company. The current paid-up capital of the company is Rs. 22.90 Crores which will increase to Rs. 24.68 crores after the issuance of the said FPO shares. Siddhartha Capital Limited has been appointed as the issue manager of the FPO.