Last Day to Apply for Vijaya Laghubitta’s FPO Today

The application period for the Further Public Offering (FPO) of Vijaya Laghubitta Bittiya Sanstha Limited (VLBS), which opened on January 4 (Poush 21), is closing today, January 8 (Poush 24). The microfinance company has issued the FPO to maintain a 70:30 shareholding ratio between promoter and public shareholders. Following the merger of former Naya Sarathi Laghubitta and Vijaya Laghubitta, the company’s paid-up capital reached NPR 745.04 million, with a promoter–public shareholding ratio of 74.39:25.61. To rebalance this structure, the company has issued 466,817 ordinary shares at a par value of NPR 100 per share, amounting to a total of NPR 46.68 million through the FPO. Retail investors can apply for a minimum of 10 shares and a maximum of 1,000 shares. In terms of credit rating, ICRA Nepal has assigned the company an ICRA NP Issuer Rating of ‘B’, indicating a high level of risk regarding the timely fulfillment of financial obligations. The issue and sales manager for the FPO is NMB Capital Limited. Investors can apply through C-ASBA member banks and financial institutions approved by the Securities Board of Nepal, as well as via the ‘Mero Share’ online system developed by CDS and Clearing Limited.