Kisan Laghubitta has completed the rating for FPO issuance. This FPO has been given a "Care NP BB" minus or double B minus rating by Care Rating Nepal. This indicates that the underlying condition of the company is moderately risky. At the same time, it indicates that the company's ability to bear financial obligations is moderately risky.
Farmers have already appointed Muktinath Capital as sales manager to issue FPOs. Farmers are about to sell 1.298 million 259.49 lots of FPO. The FPO is being sold by adding the premium price approved by the Securities and Exchange Board to the face value of Rs 100 per share.
However, the company has not
yet applied to the Securities and Exchange Board to sell the FPO. The FPO
eviction process will proceed only after the company gets permission by
applying to the board.
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