Mirmire Laghubitta FPO oversubscribed by 100 Times.

                                    Mirmire Laghubitta FPO oversubscribed by 100 Times.

In the Follow-on Public Offering (FPO) by Mirmire Laghubitta, applications totaling NPR 1,22,98,68,000 have been submitted.

As reported by the Central Depository System (CDS), up until Saturday (Ashoj 28) at 5:07 PM, a substantial 1,070,766 individuals have applied for 1,22,98,680 units. This FPO, which commenced on Wednesday (Ashoj 25) with shares available for as little as NPR 100 each, has generated considerable interest.

Adhering to the stipulations of the Banking and Financial Institutions Act of 2073, Mirmire Laghubitta has allocated 30% of the shares for public issuance. Applications for shares can be made for quantities ranging from a minimum of 10 units to a maximum of 1000 units.

Interested investors can apply through C-ASBA accredited banks and financial institutions, as well as via the My Share platform. The management of share issuance and sales is overseen by Nepal SBI Merchant Banking.

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