Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) has commenced the issuance of 51,292.5 FPO shares at a face value of Rs. 100 per share, starting from Chaitra 21, 2081. The early closing date is Chaitra 26, 2081, but it may extend until Baishakh 4, 2082, if under-subscribed.

The company aims to raise Rs. 51.29 lakhs, with Nepal SBI Merchant Banking Limited managing the issuance. Investors can apply for a minimum of 10 shares and a maximum of 1,000 shares.

CARE Ratings Nepal Limited (CRNL) has reaffirmed WNLB’s CARE-NP B (Is) issuer rating, indicating a high risk of default in meeting financial obligations on time.